Jim Cramer Discusses Klarna IPO

Klarna Group plc (NYSE:KLAR) is one of the stocks Jim Cramer talked about. Cramer talked about the stock before its IPO. He said:

“The highlight of the week by far is Klarna, a buy now, pay later lending platform. It’s… [been] flirting with going public for years. Frankly, its deal should price Tuesday night. Right now, Klarna is on track to raise between 1.2 and $1.3 billion.”

Klarna Group plc (NYSE:KLAR) is a payments technology company that provides advertising, consumer services, digital financial tools, and personal shopping solutions. The company launched its IPO at $40 and opened at $52 on September 10 after raising $1.37 billion.

While we acknowledge the risk and potential of KLAR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KLAR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.