How Klarna’s IPO Prep Got Tangled Up in a Boardroom Drama
- Recent boardroom spat stemmed from tension between co-founders
- Pair continue to clash as company explores potential IPO
This article is for subscribers only.
The last thing Sebastian Siemiatkowski needed was boardroom drama.
The 42-year-old chief executive officer of the Stockholm-based fintech Klarna had spent months getting his company in better shape ahead of a possible public markets debut. He had also embarked on a risky bet that he could replace many of his customer-facing employees with generative artificial intelligence.