Reported 1 day ago
Swedish neobank Klarna debuted on the New York Stock Exchange under the ticker KLAR, reaching a $15 billion valuation with shares priced at $40 each. This public offering, delayed for five months, highlights the resilience of the BNPL (buy now, pay later) market and aims to expand Klarna's presence in digital banking and retail transactions across various platforms. Klarna is set to differentiate itself from competitors like Affirm by offering a broader range of financial products beyond just BNPL.
Source: YAHOO