Klarna opens at $52 per share in NYSE debut after pricing IPO above range
News Summary
Swedish online lender Klarna debuted on the New York Stock Exchange (NYSE) on September 10, 2025, with shares opening at $52, a 30% jump from its IPO price of $40. The company raised $1.37 billion, valuing Klarna at approximately $15 billion, though its mid-day stock price decline to $47 adjusted the valuation to around $18 billion. Klarna's listing joins a growing number of high-profile tech IPOs this year, signaling increased Wall Street demand for new offerings.
Background
Klarna, a Swedish fintech company founded in 2005, is renowned for its "Buy Now, Pay Later" (BNPL) products, serving over 100 million consumers and nearly 1 million merchants globally. In recent years, the company has actively expanded its offerings, particularly in the U.S. market, introducing a debit card and personal deposit accounts. This move signifies a strategic pivot towards broader banking services, having already attracted 700,000 card customers and 5 million waitlisted users.
In-Depth AI Insights
What deeper insights does Klarna's IPO valuation and market performance reveal about the current tech investment environment? - Klarna's IPO pricing above range and significant first-day pop suggest that in 2025, under the second term of the Trump administration, strong investor appetite persists for high-growth tech stocks, especially those with clear paths to profitability or significant transformation potential, despite macroeconomic uncertainties. - The mid-day stock price retreat, even with the company valuation remaining above the IPO price, indicates that after initial enthusiasm, investors are maintaining a cautious stance regarding the company's future profitability and the long-term sustainability of the "Buy Now, Pay Later" business model. - The success of this IPO, alongside the debuts of companies like Circle and Figma, may signal a more open IPO window, offering exit opportunities for other unicorns but potentially reigniting concerns about valuation bubbles.