Klarna Lists on NYSE at USD 40 per Share, Raising USD 1.37 Billion at USD 15 Billion Valuation

Klarna, the Swedish buy-now-pay-later and payments technology group, priced its initial public offering at USD 40 per share on 9 September 2025 and began trading on the New York Stock Exchange on 10 September 2025 under the ticker symbol KLAR and raising USD 1.37 billion in the process. The company was valued at approximately USD 15 billion at the IPO price.

The offer price of USD 40 exceeded the anticipated range of USD 35 to USD 37 per share that had been communicated to investors during the book-building phase. On the first day of trading, shares opened 30 per cent above the IPO price at USD 52 and closed about 15 per cent higher.

PRIOR LISTINGS AND VALUATION HISTORY

Klarna's listing followed the US debuts of eToro, Chime and Circle earlier in 2025.

Klarna had been ascribed a valuation of USD 45.6 billion in a 2021 funding round, only to see that figure cut to USD 6.7 billion in a July 2022 down round.