Klarna, Backers Raise $1.37 Billion in Oversubscribed IPO (2)

Klarna Group Plc and some of its shareholders raised $1.37 billion in an initial public offering priced above a marketed range, kicking off what is likely to be one of the best weeks of the year for US listings.

The financial technology company and some of its backers sold 34.3 million shares for $40 per share, according to a statement Tuesday confirming an earlier report by Bloomberg News.

The IPO ended more than 20 times oversubscribed, said a person familiar with the matter who asked not to be identified because the information is private. A representative for Klarna declined to ...