On September 3, 2025, Swedish fintech firm Klarna officially announced the launch of its initial public offering (IPO) on the New York Stock Exchange (NYSE), pricing its ordinary shares between $35 and $37 with the goal of raising up to $1.27 billion and achieving a $14 billion valuation.
The IPO consists of 34,311,274 ordinary shares. Klarna is offering 5,555,556 of these shares, while existing shareholders are selling 28,755,718 shares. According to a Klarna statement, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 5,146,691 ordinary shares to cover over-allotments, with Klarna not receiving any proceeds from these additional sales.
A consortium of financial institutions is managing the offering. Goldman Sachs, JP Morgan, and Morgan Stanley are serving as joint book-running managers. Bookrunners include Bank of America Securities, Citigroup, Deutsche Bank Securities, Société Générale, and UBS Investment Bank. BNP Paribas, Keefe, Bruyette & Woods, Nordea, Rothschild & Co, Wedbush Securities, and Wolfe Nomura Alliance have been appointed as co-managers. Klarna will list on the NYSE under the ticker symbol “KLAR”.
Klarna initially filed a Form F-1 registration statement with the US Securities and Exchange Commission for its New York offering in March. However, reports in April indicated a pause in its IPO plans due to market conditions following an announcement regarding US President Donald Trump’s global trade tariffs.
In preparation for its public debut, Klarna recently completed two significant financial transactions. The company secured a structured financing facility with Santander, providing up to $1.6 billion in funding capacity. Additionally, Klarna finalized a deal to sell $26 billion worth of buy now, pay later (BNPL) loans to US student loan servicing company Nelnet Financial Services.
