Klarna Group plc (“Klarna”), the Swedish fintech and global digital bank known for its “buy now, pay later” offering, has officially launched its long-awaited initial public offering (IPO). The company plans to offer 34,311,274 ordinary shares, of which 5,555,556 shares come from Klarna itself and 28,755,718 shares from existing shareholders, according to the firm’s press release. An over-allotment option allows underwriters to purchase up to an additional 5,146,691 shares if demand exceeds supply (Klarna press release).
The IPO is set to price between $35 and $37 per share, with a planned listing on the New York Stock Exchange under the ticker “KLAR”. Klarna will not receive proceeds from the sale of shares offered by existing shareholders.
Global investment banks Goldman Sachs, J.P. Morgan, and Morgan Stanley will serve as joint book-running managers. They are joined by BofA Securities, Citigroup, Deutsche Bank Securities, Société Générale, and UBS as additional bookrunners. Co-managers include BNP Paribas, Keefe, Bruyette & Woods, A Stifel Company, Nordea, Rothschild & Co, Wedbush Securities, and Wolfe│Nomura Alliance.
The IPO will proceed via a prospectus-based offering. Interested investors may access the full preliminary prospectus free of charge via the U.S. Securities and Exchange Commission’s EDGAR system, or request physical or electronic copies from the participating banks.
One of the largest Nordic tech listings in the U.S.
Klarna’s IPO is not only a milestone for the company itself but also ranks among the largest technology listings from the Nordic region ever to take place in the United States. The move highlights the international growth ambitions of Nordic fintech and underlines the role of U.S. capital markets in scaling global technology platforms.
Summary Table: Klarna IPO at a Glance
| Item | Details |
|---|---|
| Shares Offered | 34.3 million total |
| • By Klarna | 5.56 million ordinary shares |
| • By Existing Shareholders | 28.76 million ordinary shares |
| Over-allotment Option | Up to 5.15 million additional shares |
| Price Range | $35–$37 per share |
| Exchange | New York Stock Exchange (Ticker: KLAR) |
| Lead Managers | Goldman Sachs, J.P. Morgan, Morgan Stanley |
| Prospectus Availability | Accessible via SEC EDGAR and the banks |
Source: Klarna Group plc press release, “Klarna Announces Launch of its Initial Public Offering” (September 2, 2025)
