Klarna Said to Guide IPO Pricing at Top or Above Marketing Range

Klarna Group Plc is telling investors it expects to price its initial public offering of as much as $1.27 billion at the top end or above the marketing range, according to people familiar with the matter.

The financial technology and consumer lending firm and some of its investors are offering 34.3 million shares at $35 to $37 per share. Investor demand for the shares isn’t sensitive to price, the people said.

Klarna’s IPO will stop taking orders from institutional investors at 4 p.m. New York time on Monday, ahead of pricing on Tuesday after markets close, the people said. The ...