Klarna Opens Up 30% In First Of Three Fintech IPOs Expected This Week

Swedish fintech Klarna begins trading on the New York Stock Exchange.KlarnaThe Swedish buy-now, pay-later firm Klarna began trading on the New York Stock Exchange Wednesday afternoon at $52, up 30% from its $40 initial public offering price. High investor demand had allowed it to boost its initial public offering price to $40 late on Tuesday (above its stated target of $35 to $37) pushing its offering valuation to $15.1 billion. The firm raised $1.37 billion through its offering of 34.3 million shares, with ...