US Stock Market Move | Klarna Group (KLAR.US) debuts on the US stock market, with an opening surge of over 30%.

On Wednesday, Klarna Group (KLAR.US), focusing on the "Buy Now Pay Later" model, made its debut on the US stock market, with its stock price soaring over 30% to $52.3 at the opening. The IPO price was $40. Klarna Group is a financial technology company headquartered in Stockholm, Sweden, specializing in Buy Now Pay Later (BNPL) services, providing online and offline payment, installment, and checkout solutions to consumers and merchants. The company was founded in 2005 by three partners including Sebastian Siemiatkowski and now operates in multiple countries worldwide. One of its competitors, Affirm Holdings (AFRM.US), has seen its stock price rise by over 40% this year.