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 on Wednesday, and the market responded positively. Here’s a quick rundown of the key takeaways:

• Strong Debut: Shares closed at $45.82, a 15% increase from the IPO price of $40.
• Significant Funding: The IPO raised $1.37 billion for Klarna and existing shareholders.
• Market Enthusiasm: The successful IPO signals growing investor interest in tech offerings, following similar successes from companies like Circle and Fig.
• Strategic Shift: Klarna is expanding into banking, with a debit card and deposit accounts in the U.S.
• Competitive Landscape: Klarna competes with Affirm and Afterpay in the BNPL market, with Afterpay acquired by Block in 2021.
• Regulatory Concerns: The company faces potential regulatory scrutiny, particularly in the U.K., where BNPL loans may be subject to new rules.
• Investor Returns: Long-time investors like Sequoia are seeing significant returns, while others, like SoftBank, have experienced a decline in their stake’s value.
• CEO’s Perspective: Klarna’s CEO, Sebastian Siemiatkowski, 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: [Insert CNBC Link Here]