By Amya Hillis, Jacob Liu, Agastya Mittal, and Dirk Harrison (Columbia University); Shahmir Ahmed and Francesco Del Sesto (Bocconi University) Photo: Jonas Leupe (Unsplash) Summary of IPO The buy-now-pay-later (BNPL) model and broader shift to online commerce have reshaped consumer finance over the past decade, and Klarna has been one of the central players in that transition. Founded in 2005 in Stockholm, Klarna built a platform that lets consumers split payments, pay later,

By Alexander Svanidze, Ava Singer, Ryan Leo, Julianna Zelnhefer (Boston University); Giuseppe Mazza, Alvaro Aguilada De Nalda (ESADE) Photo: Eduardo Soares Overview of the deal Acquirer: Fifth Third Bancorp Target:  Comerica Inc. Implied Equity Value: $10.9 billion Total Transaction Size:  $10.9 billion   Closed date:  Expected Q1 2026   Target advisor: Goldman Sachs (Financial) and Sullivan & Cromwell (Legal)   Acquirer advisor:  J.P. Morgan (Lead Financial), Keefe, Bruyett

By Oluwafemi Adesuyi, Archie Clarke, James Midgley, Ben Motamed (Durham University); Rakan Aqrouq , Krissa Mou , Terry Zhang, Scarlet Park (University of British Columbia) Photo: Scott Graham Summary of IPO Tata Capital (NSE: TATACAP), a subsidiary of Tata Sons, is one of India’s largest non-banking financial companies (NBFCs), acting as a one-stop financial solutions partner for retail, corporate, and institutional customers. Classified as an Upper Layer NBFC in 2022, the fi

By Alex Scothorn, Anna Chesca, Ahyaan Malik, Aditya Tatwawadi (University of Cambridge); Gabriel Ferraz Girotto, Eva Schuppe, Gabriela...

By Manha Awais, Prisha Agarwal, Osman Draman (Cornell University); Julia Weinrod, Yuyu Huang, Kelly Liu, Jenny Sun, Henry Yao (Johns...

By Haci Eren Sidar, Leon Gaster, Adalia Melvin, Aviral Jain (University of Nottingham); Kevin Xu , Cooper Thompson  (University of...

By Melvin Bergeret, Bilal Chihuailaf, Arthur Delfour, Agathe Melhem, Clément Melusson,  Axel Nkam, Victor Zheng (ESCP Business School) &...

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By Jian Wee Soh, Kai Ye, Bharath Sivakumar, Aaren Tan, Arfred Garcia (Imperial College London), Devina Aggarwal, Atin Narain, Omar Ali,...

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By Ayushman Mukherjee, Divy Dayal, and Matthew Liu (University of Cambridge), Gonzalo Riera-Ripoll, Felix Hooper and Rafi Glass (Durham...

By Ross Barrett, Tigran Minasian, Jian Wee Soh, Kai Ye, Oscar Silva, and Yagnesh Patel, (Imperial College London), Junqi Wang, and Annant...

By Marvin Stenersen and Gabriela Lenerte (Stockholm School of Economics), Michele Silvestri, Kayla Ho and Jia-Jian Gan (LSE) Photo: Timo...

By Jack Lee, Ryan Chan, Heather Leung and Terry Au-Yeung (HKUST), Friedrich von Storch, Enrique Pérez-Hernández and Ties Oudmayer (IE...

By Anna Muizniece and Carl-Gabrial Jakobsson (Stockholm School Of Economics), Rhys Meredith, Salah Baaziz, Kian Patel, Oliver Platts,...

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By Théo Leleup and Tom Bendinelli (HEC Paris), Nishil Lakhani (University of Nottingham) Photo: Nathan Dumlao (Unsplash) Overview of the...

Martin Palomar, Tom Bendinelli, Dorian Song and Léo Clément (HEC Paris) Photo: Coen van de Broek (Unsplash) Introduction On January 24,...