Klarna Group, the Swedish fintech startup identified for its common purchase now, pay later providers, has reveled the goal share value for its long-awaited preliminary public providing (IPO).
In a submitting Tuesday with the Securities and Alternate Fee (SEC), the corporate mentioned it plans to supply roughly 34.3 million unusual shares at a value ranging between $35 and $37, elevating as a lot as $1.27 billion in an providing led by Goldman Sachs, JPMorgan, and Morgan Stanley.
The IPO has been a very long time coming. Klarna had been one in all large winners of the early pandemic period’s on-line purchasing growth, reportedly reaching a peak valuation of $45.6 billion in 2021, solely to see that determine considerably decreased after stay-at-home restrictions had been lifted and the world opened again up once more.
At its present goal value, the corporate would have a valuation of roughly $14 billion, Reuters studies.
Klarna intends to record its shares on the New York Inventory Alternate (NYSE) below the ticker image KLAR. No itemizing date was talked about within the submitting. A spokesperson for Klarna declined to remark.
Excessive-profile tech IPOs are a factor this yr
Earlier this yr, Klarna reportedly put its IPO on maintain within the wake of financial uncertainty introduced on by President Trump’s tariff regime.
However since then, plenty of well-known tech corporations have gone public with marked success, together with stablecoin issuer Circle Web Group, design software program startup Figma, and crypto change Bullish.
Regardless of these and different listings making headlines over the previous few months, the worldwide tech IPO market has remained muted. Proceeds from tech IPOs generated $6.3 billion within the second quarter of 2025, in comparison with $34.9 billion for a similar interval in 2021, in accordance with information from CB Insights.
Based in 2005, Klarna mentioned it generated income of $2.8 billion final yr, eking out a internet revenue of $21 million. That’s in comparison with income of $2.3 billion and a internet lack of $244 million the yr earlier than.
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