Clarna rises by 20 % on the first day of trading in New York

The shares of the online payment provider klaarna jumped up to 30 % on Wednesday in the first appearance of the NYSE company that watched the Swedish company, the latest sign that the long public subscription market is alive and kicking.

KLARNA was traded at $ 52 early on Wednesday afternoon, a day after the initial general offer price was set for the previously estimated range, before it was later traded at about $ 48, an increase of 20 %.

The offer faced a strong request that helped enhance Clarna’s evaluation of more than $ 19 billion at the opening price when stocks began trading on the New York Stock Exchange under Ticker Klar.

On the first day, big pop music adds to the last momentum between the new lists in the United States this summer, after three years of weak release and bad returns. In June, StableCoin Circle Internet Group shares rose in their first appearance. In late July, Figma software contributed 250 % jump In one of the most subscribers, subscriptions in modern memory.

The first investors in Klarna – including Sequoia Capital, which invested for the first time in the company 15 years ago – are the big winners of Wednesday’s offer.

However, the increasing evaluation of Clarna carries a possible warning for public subscription investors, analysts and investors said. Large artificial intelligence companies collect the money in more severe reviews after months of previous financing rounds, raising fears that some recent deals may come at prices that will not be sustainable.

Even with large pop music on the first day, Klarna’s evaluation is a small part of $ 45.6 billion in 2021, when previous funds rushed to private companies.

Companies that bought the risks in 2021 – including SoftBank Vision Fund 2, which bought the shares at a price estimated at $ 30 billion in addition to the shares it later estimated at $ 45.6 billion – in red on paper.

The Swedish -based company was established in 2005, known as the purchase now, and later paid the lender. It has been paid to a bank that has been fully inserted, as products such as the American discount card were launched in partnership with Visa.

Klarna is also scheduled to become the exclusive purchase now, and later pushed at Walmart in the United States, has been provided on EBay Us and will start offering services on NEXI, WorldPay and JP Morgan payments in the coming months.

Klarna was scheduled to be from the 2022 subscription, expecting before the new lists market slowed that year with high interest rates. Instead of appearing for the first time, Claren to cut From about 85 % to evaluate it in a 2022 financing round.