Klarna IPO Priced Above Expectations, Valued at $15 Billion

BlockBeats News, September 10th. According to CNBC, the Swedish online lending platform Klarna has priced its IPO at $40 per share, higher than the originally estimated range of $35 to $37 per share, with a company valuation of approximately $15 billion. The total amount raised in this offering is $1.37 billion, with $1.17 billion allocated to existing shareholders and $200 million to the company. Klarna reported a net loss of $53 million in the second quarter, a year-on-year increase, with revenue increasing by 20% year-on-year to $823 million. The company will be listed on the New York Stock Exchange under the ticker symbol "KLAR".

Previously in February, Klarna's CEO stated that Klarna and individuals will embrace cryptocurrency.