Sequoia’s 15-Year-Old Bet on Buy-Now, Pay-Later Firm Finally Pays Off
Digital payments firm had a bumpy ride on the way to its IPO, but VC firm Sequoia’s patience paid off
Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at why the outlook for life insurer Brighthouse isn’t so bright, and why Carlyle’s CEO is so excited about secondaries. But first, we discuss the biggest beneficiary of Klarna’s hotly anticipated IPO. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Erin Fuchs
Digital payments firm Klarna had a bumpy ride on the way to its highly anticipated IPO this week.