Klarna Revives Long-Awaited U.S. IPO, Seeks Up to $1.27 Billion

London/New York, September 2, 2025 - Swedish “buy-now, pay-later” fintech giant Klarna Group Plc announced today the revival of its U.S. initial public offering (IPO), aiming to raise as much as $1.27 billion by offering 34.3 million ordinary shares priced between $35 and $37 each.

Under the revised registration statement filed with the U.S. Securities and Exchange Commission, Klarna itself will sell approximately 5.6 million shares, with the remaining 28.7 million shares coming from existing shareholders. Investors will value the company at up to $14 billion, based on outstanding shares at the top end of the price range.

The offering will list on the New York Stock Exchange under the ticker “KLAR.” Goldman Sachs, J.P. Morgan and Morgan Stanley are serving as joint book-running managers, supported by BofA Securities, Citigroup, Deutsche Bank Securities, Societe Générale, UBS and additional co-managers. The underwriters also hold a 30-day option to purchase up to 5.15 million additional shares to cover any over-allotments.

Klarna initially shelved its IPO plans in April following market turbulence triggered by tariff announcements, but it has since reported a rebound in investor sentiment for high-growth fintech listings. The company’s 2025 second-quarter revenue rose 54% year-over-year to $823 million, although it remained unprofitable with a net loss of $53 million, down 42% from the same period last year.

The IPO is expected to price on September 9, with trading to commence shortly thereafter, marking a pivotal moment for the 14-year-old startup as it seeks to cement its position in the competitive BNPL market alongside Affirm, Afterpay and PayPal.