European payments giant Klarna, which is about to go public in the United States, may bring about $2.65 billion in paper gains to its largest backer Sequoia Capital, with a listing valuation of $15.10 billion.
In the IPO, Klarna itself plans to sell 5.60 million shares, while existing shareholders, including co-founder Victor Jacobsson and Sequoia Capital-related entities, will sell 28.80 million shares, according to filings. Sequoia Capital is expected to have about 22% of the voting rights after the listing.
Sequoia is expected to make nearly $3 billion from payments giant Klarna's IPO
2025-09-10 03:49:40
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