Klarna’s IPO saw shares surge 30% in its NYSE debut, hitting $52 before settling at $48, raising its valuation to $19 billion. Early investors like Sequoia Capital benefited. Analysts warn of high valuations in the IPO market. Despite its rise, Klarna’s value is less than the $45.6 billion it reached in 2021.

Founded in 2005, Klarna, known for buy now, pay later, aims to expand as a bank, offering a U.S. debit card and partnering with Walmart, eBay, Nexi, and more. Previously delayed, the fintech raised $1.37 billion in its IPO, valuing it at $15.1 billion. Klarna sold 5 million shares, with the rest from shareholders.

Read more at Yahoo Finance: Klarna Soars 20% in First Day of Trading on NYSE