European stocks were slightly higher Tuesday as global investors await the latest U.S. inflation reports.
Swedish financial technology company Klarna on Tuesday said it's secured backing from shareholders for a new U.K. holding company, clearing a key hurdle toward on eventual initial public offering for the firm. 'Following our announcement last year, yesterday we notified investors that we have received the necessary investor and regulatory approvals necessary to set up a new UK based holding company,' a Klarna spokesperson said in a statement shared with CNBC via email.
Sky News earlier reported that the company was eyeing up the first quarter of 2025 — after the next U.S. presidential election — as the most likely window for a public listing to take place. Klarna's spokesperson said the firm has nothing new to share on the timing of its IPO. Klarna has previously said that setting up a U.K. holding company is a step towards a potential IPO, but has insisted that conversations around a market flotation remain at the 'very early days.
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