Is Klarna Going Public? Fintech Giant Targets $14 Billion IPO on NYSE

Swedish fintech giant Klarna is heading to Wall Street. The company has launched its long-awaited IPO. It seeks a $14 billion valuation on the New York Stock Exchange.

Klarna will list under the ticker “KLAR.” The listing revives plans delayed earlier this year. According to Bloomberg, Klarna aims to raise $1.27 billion.

Klarna Offers 34.3 Million Shares in Major Market Return

The IPO includes 34.3 million ordinary shares. Each share is priced between $35 and $37. Klarna itself will issue about 5.56 million new shares.

The rest—around 28.8 million—come from current investors. This move allows early backers to reduce their stakes.

Top banks back the deal. Goldman Sachs, JP Morgan, Morgan Stanley, Deutsche Bank, BNP Paribas, and Rothschild are leading the offering.

Klarna was once worth over $45 billion. That was during the fintech boom in 2020 and 2021. But its value dropped to $6.7 billion after a funding cut in 2022.

Now, Klarna’s comeback signals growing faith in tech IPOs. It follows other fintechs like Chime and Circle testing the U.S. market.

Why Klarna’s IPO Matters for Global Fintech

Klarna is known for its buy now, pay later (BNPL) services. It lets shoppers split payments into installments. This model helped it grow fast.

Founded in 2005, Klarna has since expanded. It now offers debit cards and digital banking services. It’s a key player in Europe’s fintech scene.

The IPO gives Klarna fresh capital. It also boosts its image in the U.S. market. This is part of a long-term push into American finance.

With steadier markets, investors are more open to risk. Klarna’s IPO reflects that trend. It could mark a turning point for tech listings in 2025.

Klarna group IPO is one of the most watched listings this year. It could shape fintech’s direction in the U.S. and Europe.

Thought you’d like to know-

Q1: What is Klarna’s IPO valuation target?

Klarna is targeting a $14 billion valuation for its IPO on the New York Stock Exchange.

Q2: How much will Klarna raise in its IPO?

The company plans to raise up to $1.27 billion by offering 34.3 million shares.

Q3: Why was Klarna’s IPO delayed earlier?

It was postponed due to unstable market conditions and reduced investor confidence.

Q4: What does Klarna do?

Klarna offers buy now, pay later services, along with debit cards and banking features.

Q5: What banks are involved in the IPO?

Goldman Sachs, JP Morgan, and Morgan Stanley are among the lead underwriters.