Klarna's IPO prices above expectations, valuing it at $15 billion

Swedish online lending platform Klarna priced its IPO at $40 per share, higher than its originally expected range of $35 to $37, valuing the company at approximately $15 billion. The company raised $1.37 billion, with $1.17 billion distributed to existing shareholders and $200 million going to the company. Klarna's second-quarter net loss widened year-over-year to $53 million, while revenue increased 20% year-over-year to $823 million. The company will list on the New York Stock Exchange under the ticker symbol "KLAR."