The Wall Street Journal

Klarna Valuation Tops $15 Billion Ahead of New York Debut

Sweden-based company prices IPO at $40 a share, above the expected range, ahead of Wednesday’s inaugural trading session

Klarna’s IPO has been years in the making.
Klarna’s IPO has been years in the making. Photo: Stefani Reynolds/Bloomberg News

Online-payments provider Klarna set its initial public offering price above its previously estimated range amid strong demand, boosting its valuation to more than $15 billion ahead of a closely watched stock-market debut in New York.

Klarna late Tuesday set its IPO price at $40 a share, above the expected range of between $35 and $37. Its shares will start trading on the New York Stock Exchange on Wednesday.

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