Klarna raises $1.37 billion in US IPO, boosting fintech hopefuls

By Ateev Bhandari and Harshita Meenaktshi (Reuters) - Buy-now, pay-later lender Klarna said on Tuesday it has raised $1.37 billion in its U.S. initial public offering, setting the stage for a market debut that could set the trend for high-growth fintech listings. The Sequoia Capital-backed Swedish company and some of its existing investors sold 34.3 million shares at $40 each, above the targeted range of $35 to $37. Earlier in the day, Reuters had reported, citing two sources, that the IPO values Klarna ...