Stockholm-based Klarna, an AI-powered global payments network and shopping assistant, made an impressive debut on Wall Street under the symbol “KLAR” with its initial public offering (IPO) on September 10, 2025.

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CEO and co-founder Sebastian Siemiatkowski marked the occasion by livestreaming the bell-ringing ceremony on Instagram Live and X.

“Going public in New York is huge. It’s not just a milestone; it’s a statement. It’s proof that a bunch of stubborn dreamers from Stockholm can take on the world, and win,” he says.

The announcement comes around ten months after the company confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering in November last year.

Reached intraday peak at $57.20

On September 10, Klarna set its IPO price at $40 per share, which was higher than its initial target range of $35–$37, leading to a valuation of about $15.1 billion.

The company’s stock rose by 15 per cent on its first day of trading on the New York Stock Exchange. The shares closed at $45.21, up from an initial price of $40 each.

The company’s shares soared to $57.20 per share, hitting an intraday peak soon after the listing.

With the closing price, Klarna is valued at around $17.3B. The company, through IPO, raised about $1.37B by selling around 34.3M shares.

Out of this total, approximately $200M went directly to the company through new shares, while the remainder was received by existing shareholders, reports Pymnts.

The selling shareholders have also granted the underwriters a 30-day option to purchase an additional 5,146,691 shares, if needed.

The IPO debut comes a couple of months after the launch of a new Klarna card in the US.

Currently, Klarna boasts 5 million users on the waitlist for a Klarna Card in the US, citing access to a potential 100 million users globally. 

Klarna Card will come to European markets later this year.

Klarna: A global payments solution provider

Founded by Niklas Adalberth, Sebastian Siemiatkowski, and Victor Jacobsson in 2005, Klarna is an e-commerce payment solutions platform for merchants and shoppers.

As of June 30, 2025, it serves about 111 million active consumers and 790,000 merchants in 26 countries.

In the past year, the fintech company helped facilitate $112B in sales.