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 .
