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The story behind the story

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Klarna's shares closed up 14.55% at $45.82 in its NYSE debut, giving it a $17B+ market cap, after the company and some of its backers raised $1.37B in its IPO

svenska handelsbanken 1.27  —  tf bank 1.32  —  swedbank 1.46  —  norion bank 1.48  —  skandinaviska enskilda banken 1.66  —  klarna bank ab 7.25 [embedded post] Molly Taft / @mollytaft.com : just passed a fleet of.....potentially........Klarna Ubers? [image] @bratpupper : findoms who specialise in having their subs take out payment plans, call that shit the klarna sutra

Bloomberg

Discussion

  • @marktluszcz Mark Tluszcz on x
    I remember my friend @IbrahimAjami calling me in 2022 and saying that @Mubadala was joining @sequoia in a massive refinancing of @Klarna - valuation down from $42 billion to $6 billion. Bravo Ibrahim. Today is your day as well👏
  • @klarna @klarna on x
    On our historical IPO day, let's take a look back at how we got here. #klarna #IPO #NYSE $KLAR [video]
  • @pitdesi Sheel Mohnot on x
    True story: 2 founders met while flipping burgers at Burger King. They decided to start a fintech company and placed last in their school's business plan contest. Seed was $70k for 10%, 37% for outsourced devs. Today that company went public, trading at $18B: $KLAR
  • @jbahrdestefano JC Bahr-de Stefano on x
    Today marked another fintech IPO $KLAR The Swedish BNPL boosted its IPO price to $40 yday (above target of $35-$37), pushing its offering valuation to $15.1B The firm raised $1.37B (34.3M shares) - $200M going to the company & $1.17B going to existing shareholders [image]
  • @klarna @klarna on x
    Today marks a historic milestone. Klarna is officially a public company. $KLAR #NYSE #Klarna #IPO [image]
  • @nyse @nyse on x
    The NYSE welcomes @Klarna as it celebrates its IPO, with a vision to set a new standard for how people shop and pay! $KLAR https://x.com/...
  • @klarnaseb Sebastian Siemiatkowski on x
    Love this film! It's aged well. The ending is quite something! Worth the watch
  • @ibrahimajami Ibrahim Ajami on x
    Congrats to @klarnaseb and the entire Klarna team for this important milestone. I first met Sebastian in early 2022 and was inspired by his courage to reset, clear the noise and focus on rebuilding. He didn't want to waste a minute. Many lessons for founders (and investors) in
  • @andrew__reed Andrew Reed on x
    When @moritzKBE led @sequoia's initial investment in @Klarna in 2010, Klarna was a fledgling alternative payments company in Sweden (I was in college at the time and had no plans to visit). A key diligence item was whether or not Klarna might be able to expand into Germany or [im…
  • @jordihays Jordi Hays on x
    Klarna chart looks like @klarnaseb's profile picture [image]
  • @papenhe.im Andrew Papenheim on bluesky
    price-to-book of selected swedish banks:  —  svenska handelsbanken 1.27  —  tf bank 1.32  —  swedbank 1.46  —  norion bank 1.48  —  skandinaviska enskilda banken 1.66  —  klarna bank ab 7.25 [embedded post]
  • @mollytaft.com Molly Taft on bluesky
    just passed a fleet of.....potentially........Klarna Ubers? [image]
  • @bratpupper @bratpupper on bluesky
    findoms who specialise in having their subs take out payment plans, call that shit the klarna sutra