"Klarna made a solid debut on the New York Stock Exchange, with shares of the Swedish buy now, pay later company rising nearly 15%, the latest in a run of high-profile initial public offerings this year. Klarna stock opened at $52 a share Wednesday, a 30% premium to the company's $40 pricing. It took roughly three-and-a-half hours for the specialists on the floor of the NYSE to manually price the first batch of trades of the company."
"More than 34 million shares worth approximately $1.37 billion were sold to investors, making it the largest IPO this year, according to Renaissance Capital. That's notable because 2025 has been one of the busier years for companies going public. Other notable IPOs this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin. Investors are also looking forward to the expected market debuts of the ticket exchange StubHub and the cryptocurrency exchange Gemini,"
Klarna's shares opened at $52 on the New York Stock Exchange, a 30% premium to the $40 IPO price, and traded as high as $57 before closing at $45.82, up 14.6%. More than 34 million shares worth $1.37 billion were sold, making the largest IPO thus far in 2025. The year has seen debuts from Figma and Circle Internet Group, with StubHub and Gemini expected. Founded in 2005, Klarna entered the U.S. market in 2015 via a Macy's partnership and expanded to hundreds of thousands of merchants and digital wallets, including a Walmart partnership. Klarna will trade under KLAR and cites U.S. consumer market opportunities.
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