Fintech Firm Klarna raises $1.37B in US IPO, Sets Stage for Market Debut
Swedish funds agency Klarna raised $1.37 billion in its U.S. preliminary public providing (IPO), amid burgeoning US market debuts.
The “Buy Now, Pay Later” (BNPL) lender reported 34.3 million shares sale valued at $40 every, above its marketed $35-$37 vary. Per a Reuters report, the sale equates Klarna to a $15 billion valuation.
The agency’s valuation slumped to $6.7 billion in 2022, at a time when rates of interest and inflation have been hovering.
Klarna made its crypto foray in February, with CEO Sebastian Siemiatkowski seeking suggestions from the crypto community on the way it ought to combine crypto into its ecosystem.
The firm, which offers a spread of cost options for on-line purchasing other than BNPL, filed for an IPO with the US SEC in November 2024.
The IPO debut on Tuesday positions Klarna as a serious participant in the evolving digital funds sector. The firm will begin buying and selling on the New York Stock Exchange beneath the image “KLAR” from Wednesday.
Klarna Debut Could Strengthen FinTech IPO Index
With the top of the third quarter nearing, the FinTech IPO Index has proven a powerful year-to-date (YTD) efficiency. The index was up 118% YTD as of Sept. 5, fueled by BNPL participant Affirm and Opendoor, according to Pymnts.
Besides, fintech agency and stablecoin issuer Figure Technology revealed plans to go public this month. The firm is in search of to boost as much as $526 million by way of an IPO and plans to promote 21.5 million shares priced between $18 and $20 every.
Blockchain lender Figure Tech targets $4.3B valuation in its September IPO, aiming to boost $526 million. #IPO #Blockchain #figurehttps://t.co/alWQUw3R4y
— Cryptonews.com (@cryptonews) September 2, 2025
As far Klarna, which has been planning a New York itemizing for years, witnessed $52 million in losses in the second quarter, up from $7 million a 12 months in the past.
However, the corporate’s income elevated to $823 million from $682 million. Klarna initially aimed for an April IPO, per Financial Times.
The Sequoia Capital-backed agency’s IPO on Tuesday follows a wave of choices from Circle, Figma and Bullish, which have revived the broader IPO market. Klarna’s pricing would additional foster confidence amongst friends on the Fintech IPO Index.
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