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Swedish buy-now, pay-later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion.
The company and some of its shareholders are together selling approximately 34.3 million shares between $35 and $37 each, the company said in an update to its registration statement on Tuesday. Klarna would receive proceeds from about 5.6 million shares, while its shareholders are offloading nearly 29 million shares.
The company…
