Core Viewpoint - Klarna, a Swedish fintech company known for its buy now, pay later services, is set to go public with an IPO on Wednesday, offering over 34 million shares at $40 each, potentially valuing the company at around $15 billion, a significant drop from its previous valuation of $46 billion during the pandemic [2][3]. Company Overview - Klarna's IPO comes nearly 20 years after its founding and follows a postponement earlier this year due to market conditions [2][3]. - The company has evolved into a prominent payment option globally, positioning itself as a viable alternative to traditional payment giants like Visa and Mastercard [7]. Investment Insights - Mattias Ljungman, an early investor in Klarna, highlights the founders' capabilities and vision as key factors in attracting investment, noting their focus on transforming the payment landscape [3][6]. - Klarna's unique approach to payment processing has allowed it to create a separate set of rails for commerce, differentiating itself from traditional payment processors [6]. Market Position and Future Challenges - Klarna is seen as a conversion engine for merchants, providing insights into customer behavior and facilitating sales through alternative payment options [7]. - The timing of the IPO is viewed as a reflection of the tech ecosystem's resilience, with Klarna's leadership feeling confident in moving forward after recent market adjustments [7]. - The company faces challenges in expanding its presence in the U.S. market, which will require time and resources, but past successes in other markets provide a positive outlook [7][8].

Of the 34.3 million shares Klarna sold, only 5 million were sold by the company, it said. The rest were sold by existing investors. https://t.co/0NSdjC2Ywh ...

Group 1 - Klarna Group made its market debut with stock opening at $52, above the IPO price of $40 per share [1] - The debut is impacting fintech peers, causing pressure on Upstart Holdings Inc and Affirm Holdings Inc shares [1] Group 2 - Upstart Holdings Inc stock is down 10.4% at $61.75, ending a four-day win streak, despite an 83.7% year-over-year gain [2] - The stock has decreased by 21% over the last nine months and is testing support at the $60 level [2] - Options trading for Upstart is significantly higher than usual, with 129,000 calls and 93,000 puts traded [3][4] Group 3 - Affirm Holdings Inc shares are down 4.9% to $84.09, marking its third loss in four sessions [5] - The stock has increased by 39.2% in 2025 but is retreating from a three-year high of $100 [5] - A new support level is emerging at $80, with the 20-day moving average trending higher since late April [5] Group 4 - Options traders are leaning bearish on Affirm, with a 50-day put/call volume ratio of 1.19, higher than 95% of annual readings [6]

It’s been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at $40, above its announced range of $35 to $37, and came out of the gate with a $15 billion valuation. Shares popped, opening at $52, though quickly settling down to around $46 mid-day. Of the 34.3 million shares Klarna sold, only 5 ...

Core Insights - Klarna successfully completed its IPO on the New York Stock Exchange, raising $1.4 billion, primarily benefiting existing investors rather than the company itself [1] - The company sold shares at $40, exceeding the initial price range of $35 to $37, resulting in a valuation of $15 billion at the IPO [1] - Shares opened at $52 but stabilized around $46 during the day [1] Share Distribution - Out of the 34.3 million shares sold, only 5 million were issued by Klarna, with the majority sold by existing investors, including Sequoia Capital and other notable entities [2] - Sequoia Capital is the largest shareholder, controlling nearly 23% of Klarna [5] - Co-founder CEO Sebastian Siemiatkowski retained his shares, valued at $1.02 billion at the IPO price, while co-founder Victor Jacobsson sold 1.1 million shares but still holds over 8% of the company [4] Market Dynamics - Existing investors often contribute shares to meet IPO demand, which can lead to a more accurate and potentially higher valuation [3] - Klarna's IPO is significant as it represents a milestone for the company, showcasing its journey from a startup to a publicly traded entity [6] - The $1.4 billion raised is not the largest IPO of 2025, as that record is held by CoreWeave with $1.5 billion raised in June [6]

>> BLOOMBERG TECH IS LIVE FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND AND ALTHOUGH IN SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH." ORACLE SEARCHERS IS ON. CONTRACT WINDS AND AN OUTLOOK THAT LEFT SOME ANALYSTS IN SHOCK.IT'S ALSO A BIG DAY FOR KLARNA WHICH IS GETTING READY TO GO PUBLIC WITH AN IPO PRICED ABOVE A MARKET RANGE. WE WILL DISCUSS WITH THE CEO. CAROLINE: AND CONVERSATION WITH THE PRIMARY SUMMIT HERE IN NEW YORK.EVERYTHING FROM AI, TECH, SPORTS INVESTING, AND MORE. ED: LET'S GET TO OUR TO ...

Wall Street is heading for more records on Wednesday following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the artificial-intelligence boom.The S&P 500 rose 0.2% and was on track to set an all-time high for a second straight day. The Dow Jones Industrial Average was down 221 points, or 0.5%, as of 2:33 p.m. Eastern time, and the Nasdaq composite was mostly unchanged after both likewise set records the day before.Stocks have been hitting records in ...

Sumala Chidchoi/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Buy-now-pay-later company Klarna raised $1.37 billion with its IPO. (0:15) Wholesale inflation comes in cool. (2:11) GameStop cash pile more than doubles to $8.7 billion. (3:28) This is an abridged transcript of the podcast: Our top story so far, Klarna Group (NYSE:KLAR) stock opened at $52 in its debut on the NYSE today, more than 30% above its public offering price. Shares are trading under the ticker sy ...

Group 1: Company Overview - Klarna shares surged 30% upon debut on the New York Stock Exchange, opening at $52 after pricing at $40, raising $1.38 billion and achieving a valuation of $15 billion [1][5] - Founded in 2005, Klarna has become a leading player in the buy now, pay later (BNPL) sector, with Walmart recently agreeing to make Klarna its sole BNPL provider [5] - Klarna launched in the U.S. in 2019, making it the company's largest customer market [2] Group 2: IPO Context and Market Trends - Klarna's IPO marks the beginning of a new season of significant IPOs on Wall Street, with other firms like Figure Technology and Gemini also planning market debuts [3] - The $15 billion valuation reflects a conservative approach to initial pricing, aimed at generating investor demand [5] - The IPO is viewed as a critical test for Klarna's vision of transitioning into a digital bank, amidst a backdrop of political uncertainty and market volatility [6] Group 3: Investor Sentiment and Future Implications - A strong aftermarket performance could encourage other fintech companies to pursue public offerings, although there is a risk of a flood of less favorable deals following successful ones [7] - Some long-term investors, including Sequoia Capital, are expected to cash in on their investments, while CEO Sebastian Siemiatkowski retained his shares, likening the IPO to a wedding [7][8]

First of all, really exciting day for Connor in the New York Stock Exchange. You could see we opened at 52 on about 5 million shares and we're trading right there right now. So, really good to see good demand for another IPO with over a billion dollar raise in the market.So, definitely shows that the IPO markets are coming back to life. Can you give us any sense of of what you saw as you were pairing uh the demand from the the buy side here. Anything you can provide in terms of retail versus institutional i ...