Klarna's solid debut on the NYSE is a great sign for the IPO market, which has been gaining steam.
In a Yahoo Finance Market Domination interview, EquityZen Co-Founder and Chief Strategy Officer Phil Haslett explains that this kind of performance—a modest first-day gain—is the "ideal scenario."
It shows the company’s stock was priced correctly and that there is genuine investor demand. This could pave the way for more companies to go public, especially established Unicorns that have been waiting on the sidelines.
For more on what this means for investors, check out the full interview here.
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