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Klarna Rises 15% in NYSE Debut After $40 U.S. IPO, Valued in Mid-Teens Billions

Klarna also opened an early window for staff to sell converted RSUs through September 30.

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Now, at least 100 Klarna workers have collectively joined the millionaire club—and workers who invested early in Nvidia, Canva, and Palantir are seeing dizzying success too.
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Overview

  • The Swedish fintech priced its U.S. offering at $40 a share, above the $35–$37 target, selling about 34.3 million shares to raise roughly $1.37 billion under the ticker KLAR.
  • Shares opened at $52, reached an intraday high near $57, and closed at $45.82 for a first‑day gain of about 15%, implying a market value reported in the mid‑teens of billions.
  • In an internal email, Klarna said vested RSUs would be converted into tradable shares exempt from the typical six‑month lockup, allowing employee sales through September 30 before shifting to quarterly windows.
  • CEO Sebastian Siemiatkowski said he is not selling in the IPO, while early investors including Sequoia Capital and Heartland A/S saw paper gains of more than $1 billion.
  • Executives position Klarna to expand beyond buy now, pay later into broader U.S.-focused banking services, and market watchers view the debut as a fresh signal for fintech IPO appetite with questions over London’s ability to attract such listings.