Klarna has raised $1.37 billion in its U.S. initial public offering, selling shares at $40 each, surpassing the initial price range. The IPO values the company at $15.11 billion, a significant decrease from its peak valuation of over $45 billion in 2021, reflecting the challenges faced by the fintech sector amid rising interest rates and inflation.

Klarna, the Swedish fintech known for its buy now, pay later model, is set to go public on the New York Stock Exchange under the symbol "KLAR," aiming to raise up to $1.27 billion through the sale of 34.3 million shares priced between $35 and $37. Despite a recent revenue increase of 20% year-on-year, the company reported a net loss of $53 million, reflecting a significant valuation drop from $45.6 billion in 2021 to around $14 billion currently.

eToro's shares debuted on Nasdaq today under the ticker ETOR, initially priced at $52 and surging nearly 40% to $71.5 during the first day of trading, reflecting strong investor interest in tech IPOs. The company's market capitalization reached over $4 billion, and eToro CEO Yoni Assia emphasized the role of AI in enhancing financial systems and investment strategies.