Buy-now, pay-later firm Klarna raised $1.37 billion in its U.S. initial public offering on Tuesday, pricing shares above the targeted range in a highly anticipated debut that could help rekindle momentum for fintech IPOs.
Oversubscribed, But Valuation Slumps From 2021
The Swedish company, backed by Sequoia Capital, sold 34.3 million shares at $40 apiece, above the expected $35 to $37 range, giving Klarna a valuation of $15.11 billion, according to a Reuters report.
This, however, marks a steep 66% decline from its 2021 valuation of $45.6 billion, amid inflation and interest rate headwinds in recent years. The offering was oversubscribed 25 times, paving the way for other fintech startups to make their public debut. …
Full story available on Benzinga.com
Buy-now, pay-later firm Klarna raised $1.37 billion in its U.S. initial public offering on Tuesday, pricing shares above the targeted range in a highly anticipated debut that could help rekindle momentum for fintech IPOs.
Oversubscribed, But Valuation Slumps From 2021
The Swedish company, backed by Sequoia Capital, sold 34.3 million shares at $40 apiece, above the expected $35 to $37 range, giving Klarna a valuation of $15.11 billion, according to a Reuters report.
This, however, marks a steep 66% decline from its 2021 valuation of $45.6 billion, amid inflation and interest rate headwinds in recent years. The offering was oversubscribed 25 times, paving the way for other fintech startups to make their public debut. …
Full story available on Benzinga.com
Buy-now, pay-later firm Klarna raised $1.37 billion in its U.S. initial public offering on Tuesday, pricing shares above the targeted range in a highly anticipated debut that could help rekindle momentum for fintech IPOs.
Oversubscribed, But Valuation Slumps From 2021
The Swedish company, backed by Sequoia Capital, sold 34.3 million shares at $40 apiece, above the expected $35 to $37 range, giving Klarna a valuation of $15.11 billion, according to a Reuters report.
This, however, marks a steep 66% decline from its 2021 valuation of $45.6 billion, amid inflation and interest rate headwinds in recent years. The offering was oversubscribed 25 times, paving the way for other fintech startups to make their public debut. …Full story available on Benzinga.com Read MoreBNPL, IPO, Klarna, News, Financing, IPOs, News, Financing, IPOs, Benzinga IPOs
