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MarketScreener Homepage  >  Equities  >  Nasdaq  >  PayPal Holdings, Inc.    PYPL

PAYPAL HOLDINGS, INC.

(PYPL)
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Klarna raises $650 mln from Silver Lake-led investor group

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09/15/2020 | 01:18am EDT

STOCKHOLM, Sept 15 (Reuters) - Payment provider Klarna Bank AB said on Tuesday it has raised $650 million at a valuation of $10.65 billion from investors led by Silver Lake, as the Swedish company seeks to compete with rivals such as PayPal and Australia's AfterPay in the hotly contested U.S. markets.

Other investors include Singapore's sovereign wealth fund GIC, funds managed by BlackRock and HMI Capital. Concurrently, Merian Chrysalis, TCV, Northzone and Bonnier have acquired shares from existing shareholders, the company said.

Reuters had reported about the potential fund-raising round last week, citing sources.

The new valuation is nearly double of the $5.5 billion valuation reached after the funding round in August last year.

Existing investors include Sequoia Capital, Dragoneer, Permira, Commonwealth Bank of Australia, Bestseller Group and Ant Group.

Founded in 2005, Klarna allows shoppers to buy online through its merchant partners and settle the dues in four installments using its "buy-now-pay-later" (BNPL) service.

It has been investing heavily to expand in the United States and the UK, resulting in the company posting its first annual loss earlier this year. Klarna's losses have jumped seven-fold in the first half of the year.

The company, backed by rapper Snoop Dogg, plans to list in New York in the next two years. (Reporting by Supantha Mukherjee in Stockholm, Editing by Sherry Jacob-Phillips)


Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED 4.51% 101.94 End-of-day quote.248.16%
BLACKROCK, INC. 1.60% 645.07 Delayed Quote.26.30%
COMMONWEALTH BANK OF AUSTRALIA -1.24% 69.14 End-of-day quote.-13.47%
PAYPAL HOLDINGS, INC. 0.95% 201.96 Delayed Quote.86.71%
SILVER 1.17% 25.017 Delayed Quote.36.97%
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Financials (USD)
Sales 2020 21 388 M - -
Net income 2020 3 109 M - -
Net cash 2020 9 070 M - -
P/E ratio 2020 76,1x
Yield 2020 -
Capitalization 235 B 235 B -
EV / Sales 2020 10,6x
EV / Sales 2021 8,72x
Nbr of Employees 23 200
Free-Float 91,1%
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Technical analysis trends PAYPAL HOLDINGS, INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 44
Average target price 219,43 $
Last Close Price 200,06 $
Spread / Highest target 45,0%
Spread / Average Target 9,68%
Spread / Lowest Target -45,0%
EPS Revisions
Managers
NameTitle
Daniel H. Schulman President, Chief Executive Officer & Director
John J. Donahoe Chairman
John D. Rainey Chief Financial Officer
Sripada Shivananda Chief Technology Officer & Senior Vice President
John H. Kunze SVP-Global Consumer Product & Technology
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