Klarna IPO and ASML's Mistral bet revive Europe's tech dreams
Sebastian Siemiatkowski, CEO and Co-Founder of Swedish fintech Klarna, gives a thumbs up during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters LONDON — It's been a busy week for the European technology sector. On Tuesday, London-headquartered artificial intelligence startup ElevenLabs announced it would let employees sell shares in a secondary round that doubles its valuation to $6.6 billion. Then, Dutch chip firm ASML on Wedn