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

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

Klarna, the Swedish buy now, pay later (BNPL) giant, made its debut on the New York Stock Exchange this week, and the results were impressive. Here’s a quick rundown of the key takeaways:

• Successful 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 Enthusiasm: The IPO is part of a trend of strong tech listings, signaling growing Wall Street interest.
• Future Focus: Klarna is expanding into banking, with a debit card and deposit accounts in the U.S.
• Card Success: The company has already signed up 700,000 card customers in the U.S., with a waiting list of 5 million.
• Competition: Klarna competes with Affirm and Afterpay (now part of Block).
• Regulatory Concerns: The BNPL market faces potential regulatory scrutiny, particularly in the UK.
• Investor Returns: Early investors like Sequoia are seeing significant returns, while others, like SoftBank, have faced valuation declines.
• CEO’s Perspective: Klarna’s CEO views the IPO as a milestone, emphasizing the company’s long-term vision.

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