Klarna prices IPO at $40, above online lender's expected range
1. Klarna priced its IPO at $40 per share, raising $1.37 billion. 2. Company valuation stands at approximately $15 billion post-IPO. 3. Klarna reported a net loss of $53 million in Q2, despite revenue growth. 4. Firm faces competition primarily from Affirm in the buy now, pay later space. 5. IPO will be a significant test of investor sentiment toward Klarna's business model.