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Breaking information now. Klarna reportedly pausing its IPO amid the market upheaval. That is in keeping with Dow Jones. This was anticipated to be one of many yr’s greatest monetary firm listings. Klarna was looking for to lift no less than a billion {dollars} within the IPO, concentrating on a valuation of greater than 15 billion {dollars} in that itemizing, in keeping with Bloomberg. The Swedish-based purchase now, pay later firm had filed publicly for a US IPO final month, saying it has utilized to checklist on the NYSE underneath the image KLAR. That itemizing being pulled comes as Wall Road weighs the potential impression of market swings on a bunch of enormous firms looking for to checklist within the US, together with AI cloud computing supplier CoreWeave, which has seen a unstable begin to its public debut. And by the best way, you may monitor extra of the personal market information on our Yahoo Finance platform that exhibits Klarna’s valuation, funds raised, and extra.
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