Klarna share price surge after IPO signals comeback for buy now, pay later sector

Klarna shares surged more than 30 per cent at the open of trade in New York, marking a comeback for the buy now, pay later sector just a year after rising interest rates had plunged the industry into an existential crisis.

The Commonwealth Bank-backed, Stockholm-headquartered payments business ended its first day on the exchange at $US45.82 per share, up 15 per cent on the $US40 listing price. Loading...