Sweden’s prime minister, Ulf Kristersson, has warned that Europe needs to focus more on its capital markets in order to retain tech companies leaving to list on US stock exchanges, according to the Financial Times.
Sweden recently missed out on initial public offerings (IPOs) launched by a number of domestic tech companies such as fintech giant Klarna and music streaming company Spotify. While Spotify listed on the New York Stock Exchange back in 2018, Klarna has also shared plans to do the same, having already filed to go public.
