Klarna publicly filed its initial public offering prospectus with the United States Securities and Exchange Commission in March 2025. The filing followed a confidential submission made in November 2024 and confirmed that the company intends to list on the New York Stock Exchange under the ticker symbol KLAR, with Goldman Sachs, JPMorgan, and Morgan Stanley serving as lead underwriters.
The prospectus disclosed that Klarna grew revenue by 24% in 2024 to reach USD 2.81 billion, and returned to annual profitability with net income of USD 21 million.
VALUATION HISTORY
The company was valued at USD 45.6 billion at its peak in 2021, only to see that figure cut by more than 85% in a 2022 fundraising round.
OFFERING DETAILS
The specific pricing range and number of shares to be offered were not disclosed in the initial public filing.
Klarna operates a buy-now-pay-later model that allows consumers to split purchases into instalments, typically interest-free for short durations, with the merchant bearing a transaction fee.