Klarna (KLAR) stock soars after U.S. IPO
Sebastian Siemiatkowski and Klarna Holding Holding EU, Center and Klarna Bank EU President Michael Moritz, Center on the right, New York Stock Exchange (NYSE) (NYSE) on Wednesday, September 10 at the New York Stock Exchange (IPO).
Michael Nagle | Bloomberg | Getty Images
The shares exploded by 30% at the New York Stock Exchange on Wednesday and opened to $ 52 after pricing the Swedish online lending online lending over the expected range of public offering.
The company, known for its popular purchase, paid later products, priced on Tuesday at $ 40, and collected $ 1.37 billion for the company and existing shareholders. It is worth $ 15 billion to the offers.
The public offering points to the end of the high -profile technology public offering this year, which shows the increasing request from Wall Street for new offers. Companies like Stablecoin Exporters Apartment and design software platform Figure He rose from his own exits. Meanwhile, Crypto Exchange Gemini is expected to open to the public this week.
“In my opinion,” I think it’s just a milestone, “he said in an interview to CNBC on Wednesday, CEO Sebastian Siemiatkowski, the founding partner of Klarna. “A little like a wedding. You are preparing a lot and you plan it, and it’s a big party. But finally – marriage continues.”
Klarna’s entry into public markets will test the excitement of Wall Street’s direction. The company spoke about the transition to banking in recent months and published a debit card and personal deposit accounts in the USA.
Siemiatkowski told CNBC that Klarna has signed 700,000 cards so far in the USA and there are 5 million people in a waiting list seeking access to the product. He added that the Klarna card represents a different proposal that competed with FinTech Affirm’s card proposal, which has attracted 2 million users since its release in 2021.
“Maybe we’re pulling a slightly different audience from the Form Card.” He said. He continued: “I get the impression that people use a card that people use to be interested in a little higher tickets.”
In addition to compensation, Klarna compete with Afterpay, which was also purchased for 29 billion dollars in 2021, now a unit To obstruct.
It faces some potential regulatory winds. In the United Kingdom, the government proposed new rules to relieve BNPL loans officially to eliminate concerns about the market.
A poster for the Swedish Fintech Klarna hangs in front of the New York Stock Exchange (NYSE) to celebrate the company’s public offering in New York on September 10, 2025.
Brendan McDermid | Reuters
The public offering has been preparing to earn billions of dollars for some of the Klarna’s investors for a long time. The existing shareholders offer a large part of the shares – 28.8 million – in the public market. With a public offering price of $ 40, this is over $ 1.2 billion. Meanwhile, he collected $ 222 million from the public offering.
Sequoia, which was first supported in Klarna in 2010, invested a total of $ 500 million. The venture company sold 2 million of its 79 million shares in the public offering, ie a total of 2.65 billion dollars of return on the bid price.
Sequoia’s partner, Andrew Reed, told CNBC that Sequoia’s first investment is still at university when she did the “alternative payment company in Stockholm”. He said the first thing was expanding in Europe.
“To be in New York with more than 100 million consumers and more than $ 100 billion GMV after 15 years [gross merchandise value] And near a million traders, another year after the execution and growth of another, and Sebastian’s long -term vision can be surprising. “He said.
An investor in another Klar was not so lucky. Japan’s Softbank led the 2021 financing tour with a valuation of $ 46 billion in Klarna, and since then he saw the value of his shares significantly.
WRISTWATCH: Interview with Sebastian Siematkowski, CEO of CNBC’s CNBC
