Cathie Wood Says Yes To Klarna IPO: Ark Invest Scoops Up Shares On First Two Days Of Trading
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Ark Invest, led by CEO Cathie Wood, has invested in Klarna Group following its IPO, which raised over $1 billion and valued the company at over $15 billion. Klarna's shares opened at $52, peaked at $57.20, and closed at $45.82 on the first day. Ark Invest purchased 200,000 shares on Wednesday and 286,026 shares on Thursday, totaling 491,856 shares worth $21 million. Despite a 3.1% drop to $41.64 on Friday, Klarna's revenue grew 20.6% year-over-year, although its net loss increased significantly.
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