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Klarna Revives U.S. IPO With $35–$37 Range in Largely Secondary Sale

The listing centers on investor cash-outs, reflecting a shift toward a broader neobank strategy.

Overview

  • The SEC filing outlines an offer of 34.3 million shares priced at $35 to $37 each on the NYSE under the ticker KLAR, implying a valuation near $14 billion at the top end.
  • About 28.8 million shares come from existing holders and roughly 5.6 million are newly issued by Klarna, with existing shareholders able to sell about 5 million more if demand warrants.
  • Klarna estimates it would receive roughly $205 million from the sale, with most proceeds going to selling investors including managers and backers such as Sequoia Capital and Heartland.
  • Recent filings show revenue of about $2.8 billion last year with a $21 million profit, followed by a $153 million loss in the first half of 2025.
  • Klarna announced a debit card as part of its push beyond buy now, pay later, and it has not set an IPO date, with Reuters citing insiders who expect a possible September listing.