Reported about 6 hours ago
Klarna, the fintech company, successfully went public on the New York Stock Exchange, raising $1.4 billion in its IPO, primarily benefiting existing investors like Sequoia Capital. The shares debuted at $40 and quickly surged to $52 before settling at $46. Notably, Klarna's co-founders retained substantial stakes, with CEO Sebastian Siemiatkowski's shares valued at over $1 billion. Siemiatkowski expressed pride in their journey from a startup idea to a globally recognized company.
Source: YAHOO