Klarna Soars 20% in First Day of Trading on NYSE
1. Klarna shares surged 30% in NYSE debut, reflecting a revived IPO market. 2. Valuation reached $19 billion, significantly lower than $45.6 billion in 2021. 3. Klarna is expanding into banking, partnering with major retailers like Walmart. 4. Historical concerns about unsustainable valuations may affect long-term investor sentiment. 5. IPO raised $1.37 billion despite previous valuation cuts and workforce layoffs.