Swedish fintech giant Klarna has officially launched its long-awaited initial public offering (IPO), aiming for a valuation of up to $14 billion as it prepares to list on the New York Stock Exchange under the ticker symbol “KLAR.”
The listing marks a major step for the buy now, pay later pioneer, which initially postponed its public debut earlier this year due to turbulent market conditions.
Klarna’s return comes amid renewed investor appetite for high-growth technology stocks, as steadier markets fuel a cautious revival of IPO activity.
The Klarna Holding AB logo on the exterior of the company’s headquarters in Stockholm, Sweden
Share Offering Details
Klarna and its existing shareholders will collectively offer 34.3 million ordinary shares priced between $35 and $37 each. The offering is expected to raise as much as $1.27 billion.
Of the total shares, approximately 5.56 million will be newly issued by Klarna itself, while the remaining 28.8 million will come from current investors reducing their stakes.
The transaction will be supported by a consortium of major financial institutions including Goldman Sachs, JP Morgan, Morgan Stanley, Deutsche Bank Securities, BNP Paribas, and Rothschild & Co.
Market Context and Investor Sentiment
The IPO comes after a turbulent valuation journey for Klarna. Once valued at over $45 billion during a rapid funding spree in 2020–2021, the company saw its valuation slashed to $6.7 billion in a later round as global markets cooled.
Its latest move suggests both management and backers see stronger conditions for a public listing.
Klarna’s decision aligns with a broader rebound in tech listings, with companies such as Chime and Circle also testing investor demand in the U.S. capital markets.
Business Expansion
Founded in 2005, Klarna made its name through its buy now, pay later (BNPL) model, allowing consumers to split purchases into installments.
Over the years, the company has expanded into debit cards, deposit accounts, and broader digital banking services, positioning itself as one of Europe’s most prominent fintech players.
With the IPO, Klarna aims not only to strengthen its balance sheet but also to reaffirm its global ambitions as one of the leading consumer-focused fintech firms entering the U.S. market.