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, and the market responded with enthusiasm. Here’s a breakdown of the key takeaways:

• Strong Debut: Klarna’s shares jumped 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 successful IPO signals growing investor interest in tech offerings, following other recent successful debuts.
• CEO’s Perspective: Klarna’s CEO views the IPO as a milestone, emphasizing the company’s long-term vision.
• Strategic Shift: Klarna is expanding into banking services, including debit cards and deposit accounts in the U.S.
• Competitive Landscape: Klarna competes with Affirm and Afterpay in the BNPL market.
• Regulatory Concerns: The company faces potential regulatory scrutiny, particularly in the UK, regarding BNPL loans.
• Investor Returns: Early investors, like Sequoia, are seeing significant returns, while others, like SoftBank, have experienced a decline in their investment value.

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