Sequoia Capital is expected to gain nearly $3 billion from payment giant Klarna's IPO
Jinse Finance reported that Klarna, the European payment giant about to go public in the US, may bring approximately $2.65 billions in book gains to its largest backer, Sequoia Capital, with an IPO valuation reaching $15.1 billions. Documents show that in this IPO, Klarna itself plans to sell 5.6 million shares, while existing shareholders, including co-founder Victor Jacobsson and entities related to Sequoia Capital, will sell 28.8 million shares. After the listing, Sequoia Capital is expected to hold about 22% of the voting rights.
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