Klarna Group Plc Chief Executive Officer Sebastian Siemiatkowski didn’t sell any shares in his company’s blockbuster IPO this week — but he still managed to use the listing to consolidate his control over the company.  Ahead of the offering, the 43-year-old founder pledged Klarna shares as collateral to secure a $112 million loan, according to a person familiar with the matter. The lender SEB AB provided the funding last month, with Siemiatkowski pledging a roughly $980 million stake in exchange as collat ...

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 ...