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Affirm Stock Tumbles. Its Rival, Klarna, Snags Walmart Deal.
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Shares of Affirm were sinking after fintech peer Klarna announced it will be the sole provider of “buy now, pay later” loans for Walmart in the United States this year. The Walmart news came after Klarna filed an initial public offering prospectus on Friday. The number of shares to be offered and the price range for the offering have yet to be determined, but the company has applied to list its ordinary shares on the New York Stock Exchange under the symbol “KLAR.”
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