PANews reported on September 10th that Swedish online lending platform Klarna priced its IPO at $40 per share, higher than the originally expected range of $35 to $37, valuing the company at approximately $15 billion. The total raised was $1.37 billion, of which $1.17 billion was distributed to existing shareholders and $200 million went to the company. Klarna's second-quarter net loss widened year-over-year to $53 million, while revenue increased 20% year-over-year to $823 million. The company will list on the New York Stock Exchange under the ticker symbol "KLAR." Earlier in February, Klarna CEO said that Klarna and individuals will embrace cryptocurrencies .PANews reported on September 10th that Swedish online lending platform Klarna priced its IPO at $40 per share, higher than the originally expected range of $35 to $37, valuing the company at approximately $15 billion. The total raised was $1.37 billion, of which $1.17 billion was distributed to existing shareholders and $200 million went to the company. Klarna's second-quarter net loss widened year-over-year to $53 million, while revenue increased 20% year-over-year to $823 million. The company will list on the New York Stock Exchange under the ticker symbol "KLAR." Earlier in February, Klarna CEO said that Klarna and individuals will embrace cryptocurrencies .
Klarna's IPO prices above expectations, valuing it at $15 billion
PANews reported on September 10th that Swedish online lending platform Klarna priced its IPO at $40 per share, higher than the originally expected range of $35 to $37, valuing the company at approximately $15 billion. The total raised was $1.37 billion, of which $1.17 billion was distributed to existing shareholders and $200 million went to the company. Klarna's second-quarter net loss widened year-over-year to $53 million, while revenue increased 20% year-over-year to $823 million. The company will list on the New York Stock Exchange under the ticker symbol "KLAR."
Earlier in February, Klarna CEO said that Klarna and individuals will embrace cryptocurrencies .
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