Swedish Klarna Targets $1.27 Billion Raise In Second Stab At US IPO

The company had previously paused its IPO plans in April due to market uncertainty caused by Trump-era tariffs.

The offering includes a total of 34.3 million shares priced between $35 and $37 each. Klarna will issue 5.6 million new shares, while existing investors will sell the remainder.

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Klarna’s IPO could give the company a valuation of up to $14 billion. It plans to go public on the New York Stock Exchange, trading under the ticker symbol KLAR.

Klarna pointed out that its offering was "subject to market conditions, and there can be no assurance as to whether or when the proposed offering may be completed or as to the actual size or terms of the proposed offering".

Klarna, best known for its buy now, pay later (BNPL) services, is making a major push into the U.S. market as it works to reposition itself as a full-fledged bank. The company recently rolled out a debit-first card in both the U.S. and across the EU.

Klarna is an AI-powered global payments platform making shopping smarter and more flexible. Serving over 111 million users and 790,000 merchants including Nike, IKEA, and Airbnb Klarna processes 2.9 million transactions daily.

Klarna’s smart marketing tools help customers find what they need more easily and help businesses reach more shoppers and increase sales.

About Klarna

Klarna, founded in 2005, makes shopping easier and more flexible. Whether you want to pay now, later, or in installments, Klarna gives you the freedom to choose. Trusted by millions, it’s helping shoppers stay in control while helping businesses grow making the entire shopping experience smoother and more convenient.