Klarna Seeks to Raise $1.27 Billion in Long-Awaited US IPO
It will issue 34 million shares at between $35 and $37 each.
Buy now, pay later company Klarna says it wants to raise up to $1.27 billion in its upcoming New York listing, less than six months after the IPO was postponed.
The Swedish company and its investors will sell over 34 million ordinary shares at between $35 and $37 each. Out of that total, 5.6 million shares will be offered by Klarna. Goldman Sachs, J.P. Morgan, and Morgan Stanley are acting as joint book-runners.
This month’s listing could value Klarna at up to $14 billion, a steep drop from its 2021 peak of $46.6 billion but still more than double the $6.7 billion price tag it last received in 2022.
The Stockholm-based company originally aimed to go public on the New York Stock Exchange earlier in 2025, but its plans were derailed by stock market volatility caused by the US administration’s tariffs.
Klarna’s IPO will mark the end of its 20-year life as a private company. During that period, it raised almost $4 billion from investors, including Sequoia, Atomico, and Silver Lake, reaching unicorn status in 2012.
In its most recent earnings release, Klarna reported $823 million in revenue and a $29 million adjusted operating profit for the second quarter of 2025. It has 111 million active users across 26 countries.
Editor’s Note: This article was originally published by PitchBook.
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