Fintech Klarna poised to pop after above-range IPO

Affirm Holdings

10/09/2025 17:42

** Shares of buy now, pay later lender Klarna KLAR.N set to rise in NYSE debut on Weds after hotly-anticipated IPO priced above expectations

    ** KLAR shares recently indicated to open between $52-$53 vs $40 IPO price

    ** Swedish fintech and existing investors late Tues announced selling 34.3 mln shares above marketed range of $35-$37

    ** At the $40 mark, Klarna secured a valuation of $15 bln, well below its peak in 2021 of around $46 bln

    ** The 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))