Klarna IPO
Tradingprice, listing and company profile
IPO price$40.00Price range: $35.00 – $37.00
Deal size$1.4B34,311,274 shares
Valuation$15.1BIPO valuation
- IPO filing
- Roadshow
- Pricing
- First trade
- Quiet period
- Lockup
Performance since IPO
Confirmed share price history
No published trading history yet
IPO recap
Confirmed offering terms
Klarna filed IPO documents on Mar 14, 2025. Confirmed offering terms are shown below.
FiledMar 14
PricingSep 9
First tradeSep 10
Lockup ends—
The short version
Klarna has traded publicly since 2025-09-10. This profile covers the final price, share count, proceeds, business model, operating context and key risks.
Key takeaway 1
Klarna priced 34.3 million shares at $40 and began NYSE trading on 10 September 2025.
Key takeaway 2
Only 5 million shares were primary; most of the base deal was a secondary sale.
Key takeaway 3
Revenue scale must be interpreted alongside credit losses, funding costs and regulation.
Company in detail
What happened at the IPO
Klarna priced its initial public offering at $40.00 per share and began trading on 2025-09-10 on the NYSE under KLAR. The final price, base share count and gross size are the confirmed transaction terms; they are separate from later market performance.
The deal included 34,311,274 base shares and an over-allotment option for 5,146,691 additional shares. The offering included 5 million primary ordinary shares and 29.3 million shares sold by selling shareholders.
Company and products
Klarna is Global digital bank and flexible-payments company. Its core offering includes Buy now, pay later, checkout, consumer payments, shopping discovery and merchant tools.
Klarna balances merchant conversion and consumer engagement against credit losses, funding costs and regulation. The company’s route to scale therefore depends on both product demand and the operating discipline needed to serve that demand.
Capital, ownership and use of proceeds
The registration materials described the capital structure and the distinction between new shares and shares sold by existing holders. Growth, technology, working capital and general corporate purposes; selling shareholders also received proceeds.
The headline gross offering value is not the same as cash retained by the issuer. Underwriting discounts, offering expenses, selling-stockholder proceeds and any concurrent securities must be read separately in the final prospectus.
Financial and operating lens
FY2024 revenue: $2.8B. Annual revenue reported in the company’s pre-listing financial disclosures; payment revenue should be read with credit and funding costs.
The public-market analysis should connect this operating measure to revenue quality, cash conversion, customer or user retention and the cost of expanding the platform. IPO proceeds can extend the runway, but they do not remove execution risk.
Why this IPO matters
Klarna’s U.S. listing made a European buy-now-pay-later platform a public test of credit discipline and payments scale.
The main questions after the first trade are whether the company can deliver on its stated growth plan, preserve service quality and turn the IPO story into durable public-company results.
- The listing gave public investors a clearer view of a global BNPL platform’s risk cycle.
Operating metrics
FY2024 revenue
$2.8BAnnual revenue reported in the company’s pre-listing financial disclosures; payment revenue should be read with credit and funding costs.
Dec 31, 2024Company profile
- Founded
- 2005
- Legal name
- Klarna Group plc
- Listing
- NYSE · KLAR
- Headquarters
- Stockholm, Sweden
- Business
- Global digital bank and flexible-payments company.
- Products
- Buy now, pay later, checkout, consumer payments, shopping discovery and merchant tools.
- IPO structure
- The offering included 5 million primary ordinary shares and 29.3 million shares sold by selling shareholders.
- Use of proceeds
- Growth, technology, working capital and general corporate purposes; selling shareholders also received proceeds.
- First trade
- 2025-09-10
- Employees
- No published figure
Timeline
- Public registration filed
Klarna moved from private preparation into a public registration process. Filing terms were preliminary and subject to later pricing.
- IPO priced
Klarna announced a final price of $40.00 per share for the base offering.
- First trading day
The shares began trading on NYSE under KLAR.
- Closing confirmed
The issuer confirmed completion of the offering and the final capital-market structure.
FY2024 revenue
$2.8BAnnual revenue reported in the company’s pre-listing financial disclosures; payment revenue should be read with credit and funding costs.
Base shares offered
34,311,274Base deal size at the final price; the over-allotment option is shown separately.
Final IPO price
$40.00per shareFinal public offering price announced on 2025-09-09; this is the offer price, not a current market quote.
Employees
—No published figure
Net income
—No published figure
Operating cash flow
—No published figure
Financials
No complete financial history available
Revenue
Financial history unavailableComparable financial periods will appear here when available.
No comparable financial series
Available dated disclosures are included in the company overview. View disclosures →
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| Klarna | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
Private valuation and funding details
Final IPO price
$40.00 per shareFinal public offering price announced on 2025-09-09; this is the offer price, not a current market quote.
Base shares offered
34,311,274Base deal size at the final price; the over-allotment option is shown separately.
Gross base offering
$1.37BGross base offering value calculated from the disclosed base share count and IPO price; it is not net proceeds.
IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
$1.4BIPO raise
Use of proceeds—
Allocation percentages—
Net proceeds—
See the reported use of IPO proceeds below.
Reported use of proceeds
- use
- Growth, technology, working capital and general corporate purposes; selling shareholders also received proceeds.
- structure
- The offering included 5 million primary ordinary shares and 29.3 million shares sold by selling shareholders.
Key risks
Editorial analysisCredit losses
Consumer credit performance can deteriorate as macroeconomic conditions change.
Funding
The model is sensitive to funding costs, liquidity and balance-sheet structure.
Regulation
Consumer-credit and payments rules can alter product economics.
Merchant and consumer balance
Growth must work for merchants while remaining attractive and safe for consumers.
Final deal terms
- Ticker
- KLAR
- Exchange
- NYSE
- IPO valuation
- $15.1B
- IPO price
- $40.00
- Price range
- $35.00 – $37.00
- Pricing date
- Sep 9, 2025
- First trading day
- Sep 10, 2025
- Shares offered
- 34,311,274
- Deal size
- $1.4B
- Underwriters
- Not confirmed
- Greenshoe shares
- 5,146,691
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
Klarna IPO: where and how to invest
Where can I invest in the Klarna IPO?
Klarna shares have a confirmed trading start on NYSE under the ticker KLAR. You can buy through a broker that supports that market and makes the shares available to your account. Check the venue, fees and current quote; the market price can differ from the original IPO offer price.
Can I buy Klarna shares now?
Klarna's public trading start is confirmed. Whether you can buy the stock in your account depends on your broker's market access and account rules. A stock-market order buys at available market prices; it is not an IPO allocation at the original offering price.
When is the Klarna IPO?
Klarna's confirmed first trading day was Sep 10, 2025. The offering was priced on Sep 9, 2025.
What is the Klarna IPO share price?
Klarna's confirmed IPO offer price is $40.00 per share. This is the offering price, not a live stock-market quote.
What is Klarna's stock ticker and exchange?
The ticker recorded in this profile is KLAR. The exchange recorded here is NYSE.
Can I buy Klarna shares before the IPO?
The Klarna offering tracked here already has a confirmed trading start. Buying on the stock market now is therefore not a pre-IPO investment. Check the current quote and available share class with your broker.
Where can I find the Klarna IPO prospectus?
Check Klarna's official investor-relations announcements and publications from the relevant regulator and exchange. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the Klarna IPO
What does Klarna do?
Klarna offers flexible payments, checkout, shopping discovery and consumer-finance products.
What was the IPO price?
The final IPO price was $40 per ordinary share.
Was the deal primarily new capital?
No. The base deal included 5 million company shares and 29.3 million selling-shareholder shares.
What should investors track?
Gross merchandise volume, revenue, credit losses, funding costs, regulation and merchant retention.
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