"Klarna, the Swedish buy-now-pay-later company, has made its highly anticipated public debut on the New York Stock Exchange (NYSE), the latest in a run of high-profile initial public offerings this year. Klarna sold 34.3 million shares to investors at $40 a share late on Tuesday and was listed on the exchange on Wednesday. That is above the forecasted range of $35 to $37 a share and values the company at more than $15bn."
"The amount of money raised in Klarna's initial public offering, approximately $1.37bn, is 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 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, which is majority-owned by twins Cameron and Tyler Winklevoss."
Klarna listed on the New York Stock Exchange after selling 34.3 million shares at $40 each, exceeding its forecasted range and valuing the company above $15 billion. The IPO raised about $1.37 billion, the largest offering so far this year according to Renaissance Capital. The company will trade under the symbol KLAR. Founded in 2005, Klarna entered the US buy-now-pay-later market in 2015 via a partnership with Macy's and has since expanded to hundreds of thousands of merchants, browser integrations, digital wallets, and a recent partnership with Walmart. Executives pointed to the US consumer and credit card market as core growth opportunities.
Read at www.aljazeera.com
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