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High demand for 'buy now, pay later' leads Klarna to over price IPO

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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.
Sept. 10 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.

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