Particle.news
Download on the App Store
16 ARTICLES
·
5h ago

Klarna Revives New York IPO, Targeting Up to $1.27 Billion at $35–$37

Investors will read the largely secondary sale as a test of fintech appetite after Klarna paused plans during tariff‑driven volatility.

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

Overview

  • Klarna and selling shareholders filed to offer about 34.3 million shares on the NYSE under the ticker KLAR, with Goldman Sachs, JPMorgan and Morgan Stanley leading the deal.
  • At the indicated range, the offering implies a valuation of up to roughly $14 billion based on shares outstanding disclosed in the filing.
  • About 5.6 million shares are new shares sold by the company, while roughly 28.7–28.8 million come from existing holders, including entities tied to Sequoia Capital, Heartland A/S and co‑founder Victor Jacobsson.
  • The company restarted its listing effort after pausing in April when markets were roiled by President Donald Trump’s tariff announcements, with pricing targeted for Sept. 9 according to terms seen by Bloomberg.
  • Klarna reports approximately 111 million active consumers, about 790,000 merchants and $112 billion in GMV over the last 12 months, and posted a $153 million net loss on $1.52 billion in revenue for the six months ended June 30.