Sebastian Siemiatkowski, leading government officer and co-founder of Klarna Maintaining AB, heart, and Michael Moritz, chairman of Klarna Cupboard AB, heart proper, right through the corporate’s preliminary population providing (IPO) on the Brandnew York Keep Change (NYSE) in Brandnew York, US, on Wednesday, Sept. 10, 2025.
Michael Nagle | Bloomberg | Getty Photographs
Klarna opened at $52 according to percentage at the Brandnew York Keep Change Wednesday nearest the Swedish on-line lender priced its IPO above its anticipated field.
The corporate, recognized for its widespread purchase now, pay after merchandise, priced stocks at $40 on Tuesday, elevating $1.37 billion for the corporate and present shareholders. The providing valued Klarna at about $15 billion.
The IPO marks the untouched in a rising record of high-profile tech IPOs this day, suggesting greater call for from Wall Side road for brandnew choices. Firms like stablecoin issuer Circle and design instrument platform Figma soared of their respective debuts. In the meantime, crypto change Gemini is anticipated to walk population after this life.
“To me, it really just is a milestone,” Klarna’s co-founder and CEO Sebastian Siemiatkowski informed CNBC in an interview on Wednesday. “It’s a little bit like a wedding. You prepare so much and you plan for it and it’s a big party. But in the end — marriage goes on.”
Klarna’s access into the population markets will take a look at Wall Side road’s pleasure concerning the path of its trade. The corporate has in fresh months talked up its journey into banking, rolling out a debit card and private storagefacility accounts within the U.S.
Klarna has signed 700,000 card consumers within the U.S. to this point and has 5 million crowd on a ready record looking for get entry to to the product, Siemiatkowski informed CNBC. He added that Klarna Card represents a unique proposition to rival fintech Verify’s card providing, which has attracted 2 million customers since its creation in 2021.
“We’re attracting a slightly different audience maybe than the Affirm card,” Siemiatkowski mentioned. “I get the impression that is more a card where people use it simply to be able to have financing with interest on slightly higher tickets.”
Along with Verify, Klarna additionally competes with Afterpay, which was once received for $29 billion in 2021 via Sq., now a unit of Ban.
Klarna faces some doable regulatory headwinds. Within the U.Ok., the federal government has proposed brandnew laws to deliver BNPL loans beneath formal oversight to deal with affordability issues in regards to the marketplace.
A banner for Swedish fintech Klarna, hangs at the entrance of the Brandnew York Keep Change (NYSE) to praise the corporate’s IPO in Brandnew York Town, U.S., September 10, 2025.
Brendan McDermid | Reuters
The IPO is set to generate billions of greenbacks in returns for a few of Klarna’s long-time buyers. Present shareholders are providing the majority of Klarna stocks— 28.8 million — at the population marketplace. At its IPO value of $40, that interprets to over $1.2 billion. In the meantime, Klarna raised $222 million from the IPO.
Sequoia, which first sponsored in Klarna in 2010, has invested $500 million in overall. The project company bought 2 million of its 79 million stocks within the IPO, that means it’s generated an total go back of about $2.65 billion, according to the trade in value.
Andrew Reed, a spouse at Sequoia, informed CNBC that he was once nonetheless in school when Sequoia made its first funding in an “alternative payments company in Stockholm.” The early paintings, he mentioned, was once round increasing in Europe.
“Being here in New York 15 years later with over 100 million consumers and over $100 billion of GMV [gross merchandise value] and close to a million merchants, it is staggering what one year after another of execution and growth and Sebastian’s long-term vision can do,” Reed mentioned.
Any other Klarna investor hasn’t been so fortunate. Japan’s SoftBank led a 2021 investment spherical in Klarna at a $46 billion valuation and has since evident the worth of its stake plunge considerably.
WATCH: CNBC’s interview with Klarna CEO Sebastian Siematkowski
