Sweden-based Klarna's now $15 billion valuation had its IPO on Tuesday at $40 a share after the Sweden-based company reportedly raised around $1.37 billion in its official round, and started trading Wednesday under the ticker "KLAR" in Manhattan's NYSE. Photo by John Angelillo/UPI | License Photo
Sept. 10 (UPI) -- The online Swedish lender Klarna landed on the New York Stock Exchange in its initial public offering priced over its benchmark signaling a high demand for "buy now, pay later" financial services.
Klarna's now $15 billion valuation had its IPO on Tuesday at $40 a share after the Sweden-based company reportedly raised around $1.37 billion in its official round, and started trading Wednesday under the ticker "KLAR" in Manhattan's NYSE.
About $200 million of its more than $1 billion for shareholders will divert to company coffers as its founders seek to offload their stakes.
It originally eyed to go public earlier this year but put the brakes on its Wall Street debut after the wave of uncertainty surrounding the announcement of reciprocal tariffs by U.S. President Donald Trump in April on scores of allied nations.
