Overview

• Klarna priced its IPO at $40 a share, above the marketed range, raising $1.37 billion at a roughly $15.1 billion valuation.
• Shares opened at $52, about 30% above the offer price, implying an early market value near $18–20 billion, and later closed at $45.82 for a 14.5% first-day gain.
• The sale totaled 34.3 million shares, with about $1.17 billion going to existing shareholders and roughly $200 million to the company.
• Demand was heavy, with the offering reported as heavily oversubscribed, reinforcing interest in high-growth fintech listings.
• Klarna reported Q2 revenue of $823 million with a widened net loss of about $52–53 million; the new valuation sits well below its 2021 peak of $45.6 billion but above a 2022 trough of $6.7 billion.