Klarna listed on the New York Stock Exchange with an IPO price of $40 a share, but its shares rose above $50 in its debut. The valuation is nearing $20 billion, and the IPO is bringing in $1.37 billion to the company and investors.
Swedish Klarna, known for its “buy now, pay later” services, conducted its long-awaited IPO on the New York Stock Exchange on Wednesday, September 10, 2025. The company pegged its IPO price at $40 per share, significantly above expectations, and brought in $1.37 billion. During its debut, its shares rose by 30 percent and yielded a market capitalization of nearly $20 billion.
Klarna, which has over 111 million users globally, is now positioning itself as a digital bank with increased focus on banking products such as debit cards and deposit accounts in the United States. CEO Sebastian Siemiatkowski chose to retain his shareholding without selling during the listing, signaling confidence in the company's long-term growth.
The IPO marks an important step for Klarna, which has fought its way through several years of postponed IPO and regulatory challenges. With this listing, Klarna becomes the largest Swedish company to have listed itself in the United States since Spotify in 2018.
The result gives new hope to the fintech sector, where several players are expected to follow Klarna on the stock exchange this autumn. Market players are closely watching whether this successful introduction can inspire more technology and financial companies to go public.
Klarna has demonstrated strong growth and profitability in the United States, and its sights are now aimed at challenging traditional banking offerings in front of a digital audience that constantly wants new payment solutions without the credit cards' interest and fees.
The strong stock market debut has created positive signals for the buy now, pay later industry, but the industry still needs to prove its growth and business model are sustainable in a market marked by increasing regulatory pressure.
