Fintech Firm Klarna raises $1.37B in US IPO, Sets Stage for Market Debut

Swedish payments firm Klarna raised $1.37 billion in its ￰1￱ public offering (IPO), amid burgeoning US market ￰2￱ “Buy Now, Pay Later” (BNPL) lender reported 34.3 million shares sale valued at $40 each, above its marketed $35-$37 ￰3￱ a Reuters report , the sale equates Klarna to a $15 billion ￰4￱ firm’s valuation slumped to $6.7 billion in 2022, at a time when interest rates and inflation were ￰5￱ made its crypto foray in February, with CEO Sebastian Siemiatkowski seeking suggestions from the crypto community on how it should integrate crypto into its ￰6￱ company, which provides a range of payment solutions for online shopping apart from BNPL, filed for an IPO with the US SEC in November ￰7￱ IPO debut on Tuesday positions Klarna as a major player in the evolving digital payments ￰8￱ company will start trading on the New York Stock Exchange under the symbol “KLAR” from ￰9￱ Debut Could Strengthen FinTech IPO Index With the end of the third quarter nearing, the FinTech IPO Index has shown a strong year-to-date (YTD) ￰10￱ index was up 118% YTD as of Sept. 5, fueled by BNPL player Affirm and Opendoor, according to Pymnts .

Besides, fintech firm and stablecoin issuer Figure Technology revealed plans to go public this ￰11￱ company is seeking to raise up to $526 million through an IPO and plans to sell 21.5 million shares priced between $18 and $20 ￰12￱ lender Figure Tech targets $4.3B valuation in its September IPO, aiming to raise $526 million. #IPO #Blockchain #figure ￰0￱ — ￰13￱ (@cryptonews) September 2, 2025 As far Klarna, which has been planning a New York listing for years, witnessed $52 million in losses in the second quarter, up from $7 million a year ago. However, the company’s revenue increased to $823 million from $682 ￰14￱ initially aimed for an April IPO , per Financial ￰15￱ Sequoia Capital-backed firm’s IPO on Tuesday follows a wave of offerings from Circle, Figma and Bullish, which have revived the broader IPO market.

Klarna’s pricing would further foster confidence among peers on the Fintech IPO Index.