Sources: Sequoia stands to gain about $2.65B in Klarna’s IPO, a six-fold return on its total investment of ~$500M; it is selling ~2% of its stake in the IPO (Katie Roof/The Information)

Katie Roof / The Information:
Sources: Sequoia stands to gain about $2.65B in Klarna's IPO, a six-fold return on its total investment of ~$500M; it is selling ~2% of its stake in the IPO  —  Klarna's two-decade journey to a public listing means a lucrative return for its biggest backer—Sequoia Capital.