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Klarna’s ambitious IPO
Ambition meets a volatile market.
Welcome to SaaS Wire — your backstage pass to the hottest in software and services!
What we’ll cover today:
Klarna’s IPO: Ambition meets a volatile market.
CoreWeave’s Nasdaq debut: Early turbulence for the AI cloud player.
Upcoming SaaS events to keep on your radar.
Source : Forbes
Klarna, the Swedish "buy now, pay later" giant led by CEO Sebastian Siemiatkowski, is gearing up for its much-anticipated initial public offering (IPO) in New York.
🚨Breaking News: Klarna plans to go public on the New York Stock Exchange, aiming to raise over $1 billion, potentially valuing the company above $15 billion.
⚡Wire Simplified:
Klarna's revenue surged by 24% in 2024, reaching $2.81 billion.
The company reported a profit of $21 million in 2024, a turnaround from a $244 million loss in 2023.
Klarna boasts 93 million active customers across 26 countries.
Major partners include Sephora, Nike, and Airbnb.
The IPO comes amid market volatility and increased tariffs.
✔️Straight to the Point: Klarna's IPO is a bold move in a shaky market, reflecting both ambition and the challenges ahead.
🎤 Do you think Klarna's IPO will be a success? |
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Source : CNBC
CoreWeave, an AI-focused cloud service provider backed by Nvidia, has made its debut on the Nasdaq stock exchange.
🚨Breaking News: CoreWeave's IPO priced at $40 per share, raising $1.5 billion, but the stock experienced a rocky start, reflecting investor caution.
⚡Wire Simplified:
CoreWeave specializes in renting computing power to AI businesses.
The IPO was scaled back due to lower-than-expected investor demand.
Nvidia invested $250 million in the IPO to support CoreWeave.
Concerns include CoreWeave's high debt and reliance on a few major customers.
The IPO is seen as a test for AI-related public offerings.
✔️Straight to the Point: CoreWeave's market debut highlights both the promise and the perils of AI investments in today's economy.
The problem with vibecoding is that the time between prompts is just long enough to shitpost on Twitter and then get embroiled in a flamewar.
— Tom Blomfield (@t_blom)
9:54 PM • Mar 30, 2025
Met a solo founder (no employees) who's on track to hit $25M ARR later this year.
100% organic growth. Started the company less than a year ago. Fully bootstrapped. No plans to raise capital.
VC is so broken.
— Ben Lang (@benln)
5:06 PM • Mar 30, 2025
SaaStr Annual 2025
SaaStr Annual is the world's largest SaaS community event, bringing together SaaS founders, executives, and investors to share insights and strategies for scaling businesses.
Date: May 13–15, 2025 | Location: San Mateo, CA, USA
SaaS Metrics Summit 2025
A virtual event dedicated to key metrics and analytics for SaaS growth and scaling success.
Date: April 2025 | Location: Online
Check out here
What do you think about today’s edition? |
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