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Klarna valued at nearly $20 billion as shares jump in NYSE debut
Klarna's IPO raised $1.37 billion at $40 per share, marking the largest 2025 IPO and valuing the company over $15 billion, positioning it as the second-largest U.S. BNPL firm.
Klarna, a buy now, pay later giant based in Stockholm, completed its long-awaited New York listing on Wednesday, valuing the company at nearly $20 billion as shares jumped.
BNPL providers like Klarna and Affirm allow shoppers to pay for purchases in installments, spreading payments over up to 36 months.
While BNPL lenders report low delinquency rates, consumer advocates warn that the debt is a blind spot for regulators due to lack of data and consumer protections.
CHRONIQUE. Swedish e-commerce company Klarna, specialist in "buy now, pay later" has just made a bustling entry to the New York Stock Exchange. Evidence of Wall Street's hyperpower to rate start-ups of "tech". Also proof of the gap between it and European stock market capitalizations, much less attractive for this sector, says Olivier Pinaud, economic newspaper in the "World".