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Klarna’s IPO pops, raising $1.4B, with Sequoia as the biggest winner
Of the 34.3 million shares Klarna sold, only 5 million were sold by the company, it said. The rest were sold by existing investors.
But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. Entities controlled by Dutch billionaire Anders Holch Povlsen, Silver Lake, BlackRock, and many others sold as well. “When we started Klarna back in 2005, it was just a wild idea — me, Niklas, and Victor, fumbling around, trying to make shopping and payments smoother for people.
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