Klarna stock opens for trading at $52, valuing BNPL leader at $18 billion

Klarna (KLAR) stock opened for trade on Wednesday at $52 per share, more than 30% higher than its IPO price and kicking off what is expected to be a strong week public market debuts. The Swedish buy now, pay later leader had priced its IPO at$ 40 per share, the company said Tuesday, raising $1.37 billion and marking an increase from its previous pricing estimate of$ 35- $37 per share and signaling strong demand for the stock. The opening price values the company at roughly$ 18 billion, up from the IPO val ...