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Down Rounds Set to Deliver More Pain for Startup Valuations

Klarna AB Expected To List In Europe IPO Bonanza
Photographer: Hollie Adams/Bloomberg

Hi, it’s Katie, now in Los Angeles for the next stretch—more on that in a later newsletter—with a look at why startups are feeling down. We also have news on a Gulf SWF deal spree and BC Partners defying the credit crunch.

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Klarna may have just ripped the band-aid off “down rounds.”