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Cathie Wood’s ARK Invest Acquires $8M Stake in Klarna’s Blockbuster IPO
Cathie Wood’s ARK Invest Acquires $8M Stake in Klarna’s Blockbuster IPO
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BTCCSquare news:
ARK Invest's Cathie Wood made a decisive MOVE into fintech by purchasing $8 million worth of Klarna (KLAR) shares through the ARK Fintech Innovation ETF (ARKF) on its IPO debut. The Swedish buy-now-pay-later giant priced its offering at $40 per share—above its projected range—raising $1.37 billion and securing its position as 2025's largest IPO to date.
Klarna's stock surged 15% on its first trading day, peaking at $57.20 before settling at $45.82. The strong performance underscores institutional confidence in the company's expansion into digital banking, despite reporting a $52 million quarterly loss amid aggressive global growth initiatives.
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