Klarna Prices IPO at $40, Targets NYSE Debut Today

Lead Swedish fintech Klarna priced its initial public offering at $40 per share, raising $1.37 billion and setting a $15.1 billion valuation as trading under the ticker KLAR begins today in New York.

Nut Graf The IPO caps a years-long effort by Klarna to list in the U.S. and serves as a barometer for investor sentiment in the buy-now, pay-later sector, highlighting renewed appetite for technology offerings after recent market disruptions.

Market Debut and Valuation

• Klarna sold 34.3 million shares at $40 each, above its $35-$37 range, securing proceeds for selling shareholders and a smaller tranche earmarked for company growth.
• The share price assigns Klarna a market value of roughly $15.1 billion-down from its peak $45.6 billion valuation in 2021 but a strong indicator of regained confidence.

Trading Details

• Shares begin trading today on the New York Stock Exchange under the symbol “KLAR.”
• Joint book-running managers include Goldman Sachs, J.P. Morgan and Morgan Stanley, with additional support from BofA Securities, Citigroup, Deutsche Bank and others.

Sector Context

• Klarna joins a wave of high-profile IPOs this week-including Gemini and Figma-marking the busiest period for U.S. listings in four years.
• Competitor Affirm trades at a $29 billion valuation, its stock up 45% year-to-date, spotlighting investor interest in alternative payment platforms.

Company Background Founded in 2005, Klarna revolutionized e-commerce with its “buy now, pay later” installment model, amassing 111 million active users and partnerships with over 790,000 merchants globally. The IPO underscores its ambitions to broaden digital banking services amid persistent inflation and shifting consumer credit trends.