Klarna to raise $1.2B+ in New York, after filing for its long-awaited IPO — TFN

Klarna has officially filed for its IPO, signalling its return to the public markets with plans to raise approximately $1.23 billion. The Swedish fintech company submitted its registration to list shares on the New York Stock Exchange under the ticker KLAR, offering 34.3 million shares priced between $35 and $37.

Since its founding in 2005, Klarna has established itself as a leader in the buy now, pay later market, now serving more than 111 million active users and working with nearly 800,000 merchants worldwide. This filing marks Klarna’s second attempt at a U.S. public listing, following its postponement earlier this year amid market volatility linked to global trade concerns.

The company’s worth surged to nearly $47 billion during the fintech boom in 2021 but has since retreated, with the IPO valuation estimated at around $13 billion. The offering consists primarily of shares sold by existing shareholders, approximately 28.7 million, with around 5.6 million shares newly issued by the company. 

Proceeds from Klarna’s share sale will primarily support ongoing product development, marketing efforts, and strategic growth initiatives.

With major banks including Goldman Sachs, JP Morgan, and Morgan Stanley underwriting the deal, the market’s reaction to Klarna’s public debut will be closely watched as an indicator of appetite for high-growth fintech companies.