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Fintech Klarna poised to pop after above-range IPO

ReutersSep 10, 2025 4:42 PM

** 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)

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