Klarna’s listing boardroom drama

One source of tension between the co-founders is the possibility of listing with dual-class shares, giving more control to current shareholders. — Bloomberg

NEW YORK: 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 (AI).