Klarna, a "buy now, pay later" service, plans a U.S. IPO to raise up to $1.27 billion.

Klarna, a Swedish fintech offering "buy now, pay later" services, plans an IPO in New York to raise up to $1.27 billion, aiming for a valuation of nearly $14 billion. The company will sell 34.3 million shares at $35 to $37 each. Klarna's valuation has surged from $5.5 billion to nearly $46.5 billion in two years. The renewed interest in Klarna's IPO reflects improving market confidence in high-growth tech stocks.