Online lender Klarna priced its IPO at $40 per share on Tuesday, above its expected range, in a deal that values the Swedish company at about $15 billion.
Klarna, known for its popular buy now, pay later products, said it raised $1.37 billion for the company and existing shareholders, who are looking to exit a portion of their long-held positions.
Klarna reported a net loss of $53 million in the second quarter, widening from $18 million in the same period a year go.
What if the company keeps showing losers? They don't have the most sustainable product imo. If they were in India, they would have been bankrupt now.
Nobody pays back here because "even if you're sued, such case run for decades".