Reported about 19 hours ago
Swedish fintech Klarna, supported by Sequoia Capital, plans to list publicly in the US with a target valuation of up to $14 billion as investor interest in high-growth tech stocks resurfaces. The company is looking to sell 34.3 million shares priced between $35 and $37, aiming to raise approximately $1.27 billion. Klarna's buy now, pay later services have gained popularity, particularly among younger consumers, as e-commerce continues to expand globally. A successful IPO could rejuvenate confidence in the fintech sector; however, challenges such as high inflation and credit risks remain a concern.
Source: YAHOO