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Breaking news now. Klarna reportedly pausing its IPO amid the market upheaval. That’s according to Dow Jones. This was expected to be one of the year’s biggest financial company listings. Klarna was seeking to raise at least a billion dollars in the IPO, targeting a valuation of more than 15 billion dollars in that listing, according to Bloomberg. The Swedish-based buy now, pay later company had filed publicly for a US IPO last month, saying it has applied to list on the NYSE under the symbol KLAR. That listing being pulled comes as Wall Street weighs the potential impact of market swings on a group of large companies seeking to list in the US, including AI cloud computing provider CoreWeave, which has seen a volatile start to its public debut. And by the way, you can track more of the private market data on our Yahoo Finance platform that shows Klarna’s valuation, funds raised, and more.
