Clarna opens 30% in the first of the three Fintech IPOSs are expected this week

Swedish purchases-now, later company Clarna began to trade on the New York Stock Exchange on the afternoon at $ 52, on a 40-dollar initial price in the amount of $ 40. High demand for investors enabled to strengthen their initial public offer on Tuesday Tuesday (above her target in the amount of $ 35 to 37), pushes its offer of $ 15.1 billion. The company raised 1.37 billion dollars by an offer of 34.3 million shares, with $ 200 million to go to company and 1.17 billion dollars and going to existing shareholders. Stock is traded in Clara and at $ 52 a $ 19 market hat of $ 19.6 billion.

Clarna is the first of three high fintech companies that aim to go public this week. Blokcain based lenders is planning IPO and CRIPTO CARKO CRIPTO VINKLEVOSS, Gemini, Gemini, is set for its debut on Friday. The action comes in the middle of the renovated enthusiasm of the investor for IPO, with Successfully launching a circle of the publisher StableCoin and the design of the Startup Figma this summer.

Swedish Fintech has become a closely observed IPO candidate when its private market assessment reached almost 46 billion dollars in 2021. year during the flourishing pandemic era e store. Clarna made her debit for the public market marked in April, but was forced to pause his plans in the middle of being authorized tariff uncertainty.

Since its establishment in Stockholm in 2005. year 2005. years and back to the US market in 2019. years, Clarna has established a global presence with the United States as its greatest market. Fintech is best known for pioneer buy – now, a later flexible payment model that allows customers to buy from a trader without paying completely in advance. Clarna gives its 100 million customers options to separate its purchases in four equal payments during six weeks pay the entire amount within a month or decides for long-term funding, which often bears stiff funding. From late, the company tried to be rebranded as a digital bank, with the bidding, accounts for accounts and credit cards.

Despite the growth of the solid user, profitability was the main challenge for the company since 2019. years as a purchase – now, later competitors have gained momentum and overfilled the market. With almost 29 billion dollars, the estimate, it was affirmative to appear as a strong competitor and saw that her supplies became almost 44% since the beginning of the year. Fin-Francisco Fintech reported a profit last quarter for the first time, in a significant passage from his sample of losses. Meanwhile, clanny losses increased to $ 52 million in a quarter of the 30th. June, compared to $ 68 million in revenue of $ 682 million in the same period 2024. Years.

Clarnan IPO wrote Goldman Sachs, JPMorgan and Morgan Stanley.