Klarna’s September 2, 2025, IPO plan sought up to $1.27 billion from a combined sale by the company and existing shareholders. The final offer was priced at $40 a share, and Klarna began trading on the New York Stock Exchange as KLAR on September 10, 2025; the offering closed the next day. The $1.27 billion was a proposed maximum for all sellers together—not the amount Klarna itself received.
How much did Klarna raise in its IPO?
The $1.27 billion figure described the maximum proceeds targeted in the proposed offering, not Klarna’s proceeds alone. On September 2, Reuters reported a plan to sell 34.3 million shares at $35 to $37 each, which could raise up to $1.27 billion and value Klarna at up to $14 billion. Reuters’ September 2 report covered the proposal.
Klarna ultimately priced 34,311,274 shares at $40 apiece. The company sold 5 million shares; existing shareholders sold the other 29,311,274. Reuters reported that the selling shareholders raised $1.17 billion. Those figures distinguish the combined offer from the proceeds received by Klarna itself. Klarna’s pricing announcement gives the share breakdown, while Reuters’ launch coverage reports the selling shareholders’ proceeds.
When did Klarna go public, and what is its stock ticker?
Klarna’s ordinary shares began trading on the New York Stock Exchange under the ticker KLAR on September 10, 2025. The company announced that the offering closed on September 11, confirming that trading had started the day before. The listing and closing dates are stated in Klarna’s pricing announcement and closing announcement.
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The $40 price was the IPO offer price, not the first trading price. Reuters reported that KLAR opened at $52 on debut, implying a market value of $19.65 billion at that opening price. The offer price valued Klarna at $15.1 billion, according to Reuters. Both market values are launch-day figures from September 2025, not current trading data. Reuters’ report covers the final offer valuation and debut opening.
Why did Klarna pause and then revive its IPO?
Reuters reported that Klarna paused its listing plan in April 2025 amid market volatility driven by tariff concerns, then revived it in September as appetite for high-growth technology stocks improved. That account describes the timing of the transaction, not a guarantee that market conditions or investor interest have remained the same. Reuters’ September 2 coverage reported the pause and revival.
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Reuters also framed the offering as a possible indicator of investor appetite for fintech and buy-now-pay-later (BNPL) companies. Its coverage identified credit losses, inflation, and questions about how BNPL providers track consumers’ credit profiles as risks investors were considering; those are reported concerns, not a current assessment of Klarna’s financial condition. Reuters’ report discusses that context.
What was Klarna’s size when it priced the offering?
Klarna described itself as a global digital bank and flexible-payments provider. In its September 9, 2025, pricing announcement, the company reported approximately 111 million active consumers and approximately 790,000 merchants across 26 countries, each as of June 30, 2025. It also reported $112 billion in gross merchandise volume over the 12 months ended June 30, 2025. These are company-reported measures with different definitions and time periods, not a live count or current financial update. Klarna’s announcement provides the figures.
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Klarna’s IPO valuation also needs its date and setting attached. Reuters reported that the company was founded in 2005, reached a $45.6 billion valuation in a 2021 funding round, and raised funds at a $6.7 billion valuation in 2022. The $15.1 billion figure was its valuation at the September 2025 IPO offer price. Funding-round valuations and a public offering price are snapshots from different transactions and dates, so they should not be read as a like-for-like performance series. Reuters’ September 2 article reported the earlier company history and valuations; its IPO coverage reported the offer-price valuation.
What investors were saying about the IPO
Klarna CFO Niclas Neglén told Reuters that going public was “primarily for new shareholders, our 111 million consumers and others to really partake in that journey to disrupt the financial services industry and be the next generation of personal finance.” The statement described the company’s rationale for the listing. Reuters’ report carries the interview.
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Samuel Kerr, head of equity capital markets at Mergermarket, told Reuters that a $15 billion valuation was “far from disappointing” because the offer exceeded Klarna’s proposed price range and reflected a strategy of setting initial expectations conservatively to attract demand. That was an attributed view of the pricing, rather than an assurance about the stock’s later performance. Reuters’ coverage reports Kerr’s comments.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How Klarna’s BNPL model was described in comparison with Affirm
Reuters characterized Klarna at the time as more focused on smaller purchases and short-term loans, while rival Affirm focused more on larger purchases and longer zero-interest financing. This is Reuters’ description of the companies around the September 2025 IPO, not a permanent distinction or a complete comparison of their products. A useful comparison for a consumer or investor would also need consistent, dated measures for purchase size, loan term, customer and order mix, credit exposure and losses, geography, and profitability. Reuters’ IPO coverage provides the contemporaneous characterization.
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What the IPO figures do—and do not—tell you
- Proposed versus final: The $1.27 billion maximum and $35–$37 range described the September 2 proposal. The offer was ultimately priced at $40.
- Company versus shareholders: Klarna sold 5 million shares; existing shareholders sold 29,311,274. The combined offering was not all cash raised by Klarna.
- Offer versus debut: $40 was the offer price; $52 was the reported opening price on September 10, 2025. Neither figure is a current quote.
- IPO coverage versus investment advice: These transaction facts do not establish KLAR’s current price, valuation, or credit performance, and they are not a recommendation to buy or sell shares.
For the transaction’s formal disclosures, consult Klarna’s SEC Form 424B4 prospectus. The available IPO announcements and launch-day coverage establish the ticker, listing, and offering details; they do not establish a current quote or present-day business performance.
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