Fintech Klarna notches about 15% gain in debut

Affirm Holdings

10/09/2025 21:20

Updates to market close

    ** Shares of buy now, pay later lender Klarna KLAR.N pop in debut after long-awaited IPO priced above range

    ** KLAR shares opened at $52 before ending Weds at $45.82, up 14.6%, and valuing co
    just north of $17 bln

    ** Swedish fintech and existing investors late Tues announced selling 34.3 mln shares at $40 for total gross raise of ~$1.4 bln

    ** Klarna was valued around $46 bln at its peak in 2021

    ** Its IPO has again shone a spotlight on the installment plans which have ballooned in popularity among U.S. shoppers in recent years

    ** Klarna is among a flurry of companies rushing to market their IPOs heading into year-end

** Goldman Sachs, JP Morgan and Morgan Stanley leading a 15-firm underwriting group for Klarna's IPO (Click here for the offering prospectus)

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))