Klarna has confirmed its long-awaited IPO on the New York Stock Exchange, after delaying a planned float earlier this year.
With millions of customers, billions in gross merchandise volume and a strong customer base both in the US and Europe, the buy now, pay later (BNPL) giant has long been viewed as a potential IPO candidate.
The fintech was originally set to go public in March this year, before market turbulence triggered by President Donald Trump’s tariff regime derailed its IPO ambitions.
According to a statement shared with Sifted, the Swedish fintech has today announced the launch of its initial public offering of 34,311,274 ordinary shares.
The IPO price is expected to land between $35 and $37 per share and the fintech will list on the NYSE under the ticker symbol ‘KLAR’. Klarna aims to raise up to $1.27bn and has also filed an F-1 statement indicating its intention to go public today, which includes an IPO prospectus, according to SEC filings.
According to the statement, Goldman Sachs, JPMorgan and Morgan Stanley will act as joint book-running managers for the proposed offering.
