Klarna Celebrates Successful IPO Debut on NYSE
Reading
Klarna is a company from Sweden. It lets people buy things and pay later. The company started selling shares on the New York Stock Exchange recently.
Klarna's shares started at $52 each. This was more than the price of $40. The price went up to $57, but then it went down a bit.
People bought many shares of Klarna, about $1.37 billion worth. This makes it the biggest IPO this year. An IPO is when a company sells shares to the public for the first time.
Klarna helps people pay for things in four payments over six weeks. It also has longer payment plans with interest. Many people like this because they do not want to use credit cards.
The company makes money and is growing. Some people worry that people might borrow too much money. Klarna's leaders have become very rich because of the company's success.
Questions
Where is Klarna from?
Klarna is a company from Sweden.
What is an IPO?
An IPO is when a company sells shares to the public for the first time.
How does Klarna help people pay?
Klarna helps people pay for things in four payments over six weeks.
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