Klarna Group Plc and its underwriters understated the potential financial downside of marketing loans to consumers willing to borrow for fast food deliveries and other small purchases, an investor alleges.
The misstated risk appeared in several portions of the registration statement for the electronic payment company’s initial public offering, Dilip Nayak said. He filed his complaint Monday in the US District Court for the Eastern District of New York. The 15 underwriters named as defendants include
Klarna’s debut Sept. 10 led the biggest month for IPOs ...