Swedish firm Klarna targets $1.27 bn in New York listing; eyes $14 bn valuation, big investors line up to exit

Klarna, the Swedish “buy now, pay later” giant, is aiming to raise $1.27 billion through an IPO in New York, pricing shares between $35 and $37. This move comes after a previous attempt was delayed due to market volatility. The IPO values Klarna at approximately $14 billion, marking a significant step after valuation swings from $45.