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2h ago

Klarna Revives New York IPO, Seeks Up to $1.27 Billion at Near-$14 Billion Valuation

A secondary-heavy sale from existing backers offers a gauge of investor appetite for buy now, pay later stocks.

A sign is pictured at the entrance of Klarna's headquarters in Stockholm, Sweden on May 25, 2022. REUTERS/Supantha Mukherjee/File Photo
Klarna is going public.
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Overview

  • Klarna and selling shareholders plan to offer about 34.3 million shares at $35–$37, targeting up to $1.27 billion in proceeds.
  • The company aims to list on the New York Stock Exchange under the ticker KLAR, with Goldman Sachs, J.P. Morgan and Morgan Stanley leading the deal.
  • At the indicated range, the offering implies a valuation of roughly $13–$14 billion, far below the 2021 peak near $46 billion but above the $6.7 billion mark in 2022.
  • Roughly 29 million shares are being sold by existing holders, with the company set to receive proceeds from only about 5.6 million shares.
  • The revived filing follows an April pause after President Trump’s tariff announcements; no listing date was set, though Bloomberg reported the deal is expected to price Sept. 9.