Klarna’s stock jumps 15% in NYSE debut after pricing IPO above range

## Klarna’s IPO Soars: A Milestone for the BNPL Giant

Klarna, the popular buy now, pay later (BNPL) company, made its debut on the New York Stock Exchange, marking a significant moment for the fintech industry. Here’s a breakdown of the key takeaways:

• Strong Debut: Klarna’s shares rose 15% on their first day of trading, closing at $45.82.
• IPO Details: The company priced its IPO at $40 per share, raising $1.37 billion.
• Market Sentiment: The IPO signals growing demand for new tech offerings on Wall Street, mirroring successful debuts from companies like Circle and Fig.
• Strategic Expansion: Klarna is expanding into banking, with a debit card and personal deposit accounts in the U.S.
• Card Customer Growth: Klarna has already signed 700,000 card customers in the U.S., with 5 million on a waiting list.
• Competitive Landscape: Klarna competes with Affirm and Afterpay in the BNPL space.
• Regulatory Concerns: The company faces potential regulatory scrutiny, particularly in the U.K., where new rules are being proposed for BNPL loans.
• Investor Returns: Long-time investors like Sequoia are seeing significant returns, while others, like SoftBank, have experienced a decline in their investment value.
• CEO’s Perspective: Klarna’s CEO views the IPO as a milestone, emphasizing the company’s long-term vision.

For more details, you can watch CNBC’s interview with Klarna’s CEO.