Klarna will restart its US IPO next month at a $13–$14 billion valuation, with shares talked at $34–$36 and a raise near $1 billion, according to two sources.
The target marks a sharp reset from the near-$50 billion the Swedish fintech sought in 2021 and is lower than the “more than $15 billion” aim earlier this year.
Klarna paused the listing in April after US tariff headlines shook markets. It filed with the SEC on March 14 and has declined to comment on timing or terms.
Operating metrics improved into the restart. Q2 revenue rose 20% year over year to $823 million. Adjusted operating profit increased by $1 million to $29 million. Active customers grew 31% to 111 million.
Klarna is a Stockholm-based fintech founded in 2005 known for its “buy now, pay later” checkout and now pairs payments with shopping and marketing tools for retailers and consumers. After hypergrowth through the 2010s and early 2020s, Klarna’s valuation peaked around $46 billion in June 2021 before plunging to $6.7 billion in a July 2022 down round.
IPO sentiment has brightened with recent newcomers seeing strong pops: Figma and Circle peaking 333% and 864% above offer prices post-debut. The 20 biggest US IPOs this year averaged a 36% first-day gain, per LSEG data cited by Reuters.
Information for this story was found via Reuters and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.