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Klarna Prices U.S. IPO at $40, Valuing Fintech at About $15 Billion

Strong demand points to a reopened window for high-growth fintech offerings.

Overview

  • The sale of roughly 34.3 million shares raised about $1.37 billion, above the marketed $35–$37 range.
  • Most proceeds go to selling shareholders, with roughly $200 million allocated to Klarna.
  • Investor orders were reported to be many times larger than the shares available, indicating heavy oversubscription.
  • Shares list on the New York Stock Exchange under the ticker KLAR, with JPMorgan Chase and Goldman Sachs leading the offering.
  • Klarna reported about $823 million in second‑quarter revenue and a net loss near $52–$53 million, while outlining a push beyond BNPL into embedded finance with a stated $520 billion payments opportunity.