Klarna, new york stock exchange and IPO
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Klarna CEO Sebastian Siemiatkowski worked at Burger King and lived on welfare before starting his $16 billion fintech firm.
"Buy now, pay later" giant Klarna went public on Wednesday. We calculated the value of its top shareholders' stakes after the IPO.
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Klarna shares surge 30% on Wall Street debut as Americans ditch credit cards for buy now, pay later
Klarna CEO Sebastian Siemiatkowski says 20% of financially secure Americans view credit cards negatively, driving demand for the company's payment alternative.
Ark Invest CEO Cathie Wood wants a piece of Klarna, after the company's IPO turned into one of the biggest of the year.
Buy-now, pay-later lender Klarna said on Tuesday it has raised $1.37 billion in its U.S. initial public offering, setting the stage for a market debut that could set the trend for high-growth fintech listings.
Buy now, pay later company Klarna is valued at $15 billion ahead of its initial public offering on Wednesday. The Swedish firm priced its IPO at a higher-than-expected $40 a share.
Of the 34.3 million shares Klarna sold, only 5 million were sold by the company, it said. The rest were sold by existing investors.
Klarna's $1.37B IPO at $40 per share unlocks significant wealth for employees, with early hires potentially gaining $600,000 to $2.5M
Now, at least 100 Klarna workers have collectively joined the millionaire club—and workers who invested early in Nvidia, Canva, and Palantir are seeing dizzying success too.
Investors are snapping up orders for Klarna Group Plc shares ahead of its much-anticipated pricing debut late Tuesday. Part of the appeal: the buy-now-pay-later lender’s implied market valuation is currently about a 50% discount to rival Affirm Holdings Inc.