Klarna's IPO pops, raising $1.4B, with Sequoia as the biggest winner
1. Klarna's IPO raised $1.4 billion, primarily benefiting existing investors. 2. Shares opened at $52, settling around $46, with a $15 billion valuation. 3. Co-founder CEO Siemiatkowski retained his shares, worth $1.02 billion. 4. Sequoia Capital remains the largest shareholder, controlling nearly 23% of Klarna. 5. Klarna's IPO reflects its success as a major fintech player.