Klarna Plans $1.27B New York IPO with $14B Valuation

Swedish fintech company Klarna has filed for an initial public offering (IPO) in the United States, aiming to raise up to $1.27 billion by offering 34.3 million shares priced between $35 and $37 each. The IPO, which will trade on the New York Stock Exchange under the ticker "KLAR," includes approximately 5.56 million newly issued shares and 28.76 million shares sold by existing shareholders. Klarna's valuation is expected to reach nearly $14 billion if shares are priced at the top of the range. The public offering was delayed earlier this year due to global market volatility partly triggered by the U.S. tariffs announced under President Donald Trump but has since resumed. The company experienced significant valuation growth from $5.5 billion to $46.5 billion between 2020 and 2021, reflecting the rapid expansion of the buy now, pay later sector. Major investment banks Goldman Sachs, J.P. Morgan, and Morgan Stanley are leading the underwriting of the offering.