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.
Ark Invest CEO Cathie Wood wants a piece of Klarna, after the company's IPO turned into one of the biggest of the year.
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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.
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.
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.
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.
Klarna's $1.37B IPO at $40 per share unlocks significant wealth for employees, with early hires potentially gaining $600,000 to $2.5M
Klarna employees reacted with emojis like a clown and sad faces to an internal post about its return-to-office policy, after it turned off replies.
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.