Express
Klarna IPO priced higher than expected, valued at $15 billion
Summary: According to CNBC, Swedish online loan platform Klarna will price its IPO at $40 per share, higher than the original expected range of $35 to $37, with a valuation of approximately $15 billion. The total fundraising amount is $1.37 billion, with $1.17 billion allocated to existing shareholders and $200 million to the company. Klarna reported ...
According to CNBC, Swedish online loan platform Klarna will price its IPO at $40 per share, higher than the original expected range of $35 to $37, with a valuation of approximately $15 billion. The total fundraising amount is $1.37 billion, with $1.17 billion allocated to existing shareholders and $200 million to the company. Klarna reported a net loss of $53 million in the second quarter, widening year-on-year, with revenue increasing by 20% to $823 million. The company will be listed on the NYSE under the ticker symbol KLAR. In February, Klarna's CEO stated that Klarna and individuals will embrace cryptocurrency.
