"Klarna made a solid debut on the New York Stock Exchange, with shares of the Swedish buy now, pay later company rising nearly 15%. 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. The shares rose as high as $57 before losing some momentum and ending at $45.82, up 14.6%."
"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, which is majority owned by the Winklevoss twins."
Klarna completed a U.S. IPO on the New York Stock Exchange, with shares opening at $52 and ending at $45.82, up 14.6% intraday after peaking at $57. More than 34 million shares were sold for roughly $1.37 billion, making it the largest initial public offering of the year. The company entered the U.S. market in 2015 and has expanded to hundreds of thousands of merchants, browser integrations, and digital wallets, and recently announced a partnership with Walmart. The company will trade under the symbol KLAR and chose a U.S. listing to pursue American consumer market growth.
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