Swedish fintech Klarna raises IPO target to $1.37 billion

Sweden’s “buy now, pay later” financial firm Klarna has raised its share price for its debut on the New York Stock Exchange on Wednesday, aiming to raise $1.37 billion.

Klarna said in a statement late Tuesday that the share price would be set at $40, valuing the company at over $15 billion.

Last week the company said it was targeting a price between $35 and $37, which would raise $1.27 billion.