US EditionKlarna valued at nearly $20 billion as shares jump in NYSE debut
The IPO was oversubscribed over eight times, raising $1.37 billion and valuing Klarna at $15 billion as it targets growth in the U.S. buy now, pay later market.
- 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.
56 Articles
56 Articles
20-year-old fintech Klarna finally went public. Here’s who’s getting rich.
Klaudia Radecka/NurPhoto via Getty Images Two decades after its founding, Klarna has gone public, and its investors are finally seeing a windfall. The Swedish “buy now, pay later” company listed on the New York Stock Exchange on Wednesday. Its stock popped 30% on its debut, jumping above its $40-per-share IPO price to $52 a share. That IPO price gave Klarna a $15.1 billion valuation and netted Klarna $1.37 billion. Per Pitchbook, Klarna had rais…
Klarna’s $15B IPO marks new chapter for buy now, pay later pioneer
Klarna’s time has finally come. After postponing its plans to go public earlier this year, Swedish fintech company Klarna will IPO on Wednesday. The company—known for its buy now, pay later services—along with some of its existing shareholders will offer more than 34 million shares, priced at $40 a piece. That could give it an overall value of around $15 billion. That’s a fall from the lofty $46 billion valuation it fetched four years ago at the…
Swedish fintech Klarna debuts on NYSE with $1.37B IPO at $15B valuation, signaling U.S. market rebound - Tech Startups
Klarna’s long-awaited Wall Street debut has finally arrived. The Swedish buy-now, pay-later fintech startup began trading on the New York Stock Exchange on Wednesday after raising $1.37 billion in its initial public offering, a milestone that comes after years of […] The post Swedish fintech Klarna debuts on NYSE with $1.37B IPO at $15B valuation, signaling U.S. market rebound first appeared on Tech Startups.
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