{"id":1551,"date":"2025-09-11T00:00:00","date_gmt":"2025-09-11T00:00:00","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/klarna-klar-stock-surges-after-u-s-ipo\/"},"modified":"2025-09-11T00:00:00","modified_gmt":"2025-09-11T00:00:00","slug":"klarna-klar-stock-surges-after-u-s-ipo","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/klarna-klar-stock-surges-after-u-s-ipo\/","title":{"rendered":"Klarna (KLAR) stock surges after U.S. IPO"},"content":{"rendered":"\n<div id=\"SpecialReportArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"SpecialReportArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108196905\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company&#8217;s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. <\/p>\n<p>Michael Nagle | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Shares of Klarna rose 15% in their New York Stock Exchange debut Wednesday, closing at $45.82 after the Swedish fintech priced its IPO above its expected range.<\/p>\n<p>Klarna, known for its popular buy now, pay later products, priced shares at $40 on Tuesday, raising $1.37 billion for the company and existing shareholders.<\/p>\n<p>The IPO marks the latest in a growing list of high-profile tech listings this year, suggesting increased demand from Wall Street for new offerings. Companies like stablecoin issuer <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-4\">Circle<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> and design software platform <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-5\">Figma<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> soared in their respective debuts. Meanwhile, crypto exchange Gemini is expected to go public later this week.<\/p>\n<p>&#8220;To me, it really just is a milestone,&#8221; Klarna&#8217;s co-founder and CEO Sebastian Siemiatkowski told CNBC in an interview on Wednesday. &#8220;It&#8217;s a little bit like a wedding. You prepare so much and you plan for it and it&#8217;s a big party. But in the end \u2014 marriage goes on.&#8221;<\/p>\n<p>The stock opened at $52 before dropping as the day progressed. At the close, the company was valued at about $17.3 billion. <\/p>\n<p>Klarna&#8217;s entry into the public markets will test Wall Street&#8217;s excitement about the direction of its business. The company has in recent months talked up its move into banking, rolling out a debit card and personal deposit accounts in the U.S.<\/p>\n<p>Klarna has signed 700,000 card customers in the U.S. so far and has 5 million people on a waiting list seeking access to the product,\u00a0Siemiatkowski told CNBC. He added that Klarna Card represents a different proposition to rival fintech Affirm&#8217;s card offering, which has attracted 2 million users since its launch in 2021.<\/p>\n<p>&#8220;We&#8217;re attracting a slightly different audience maybe than the Affirm card,&#8221; Siemiatkowski said. &#8220;I get the impression that is more a card where people use it simply to be able to have financing with interest on slightly higher tickets.&#8221;<\/p>\n<p>In addition to Affirm, Klarna also competes with Afterpay, which was acquired for $29 billion in 2021 by Square, now a unit of <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-7\">Block<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>.<\/p>\n<p>Klarna faces some potential regulatory headwinds. In the U.K., the government has proposed new rules to bring BNPL loans under formal oversight to address affordability concerns regarding the market.<\/p>\n<\/div>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108196828\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>A banner for Swedish fintech Klarna, hangs on the front of the New York Stock Exchange (NYSE) to celebrate the company\u2019s IPO in New York City, U.S., September 10, 2025.  <\/p>\n<p>Brendan McDermid | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>The IPO is poised to generate billions of dollars in returns for some of Klarna&#8217;s long-time investors. Existing shareholders are offering the bulk of Klarna shares \u2014 28.8 million \u2014 on the public market. At its IPO price of $40, that translates to almost $1.2 billion. Meanwhile, Klarna raised $222 million from the IPO.<\/p>\n<p>Sequoia, which first backed Klarna in 2010, has invested $500 million in total. The venture firm sold 2 million of its 79 million shares in the IPO, meaning it&#8217;s generated an overall return of about\u00a0$2.65\u00a0billion, based on the offer price.<\/p>\n<p>Andrew Reed, a partner at Sequoia, told CNBC that he was still in college when the firm made its first investment in an &#8220;alternative payments company in Stockholm.&#8221; The early work, he said, was around expanding in Europe.<\/p>\n<p>&#8220;Being here in New York 15 years later with over 100 million consumers and over $100 billion of GMV [gross merchandise value] and close to a million merchants, it is staggering what one year after another of execution and growth and Sebastian&#8217;s long-term vision can do,&#8221; Reed said.<\/p>\n<p>Another Klarna investor hasn&#8217;t been so lucky. Japan&#8217;s <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-8\">SoftBank<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> led a 2021 funding round in Klarna at a $46 billion valuation and has since seen the value of its stake plunge significantly.<\/p>\n<p><strong>WATCH:<\/strong> CNBC&#8217;s interview with Klarna CEO Sebastian Siematkowski<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company&#8217;s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Michael Nagle | Bloomberg | Getty Images Shares of Klarna [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[810,1429,805,563,1430,272],"class_list":["post-1551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-ipo","tag-klar","tag-klarna","tag-stock","tag-surges","tag-u-s"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1551"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1551\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1552"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}