Klarna CEO says a European tech brain drain is ‘number one risk’ for company ahead of IPO

Key Points

Klarna CEO Sebastian Siemiatkowski told CNBC that unfavorable share-based compensation rules in Europe could lead to Klarna losing talent to tech giants in the U.S. such as Google, Apple and Meta.
In a wide-ranging interview, he said that the lack of attractiveness of Europe for tech talent is the “number one risk” facing the company as it prepares for a much-anticipated IPO.
The Swedish fintech firm offers only a fifth of the equity as a share of revenue compared to a basket of its peers, according to a Klarna-commissioned study obtained by CNBC.

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