The initial public offering (IPO) of Klarna, one of the world’s leading “buy now, pay later” (BNPL) fintechs, is set to be among the most anticipated listings of 2025.
The company aims to raise up to $1.27 billion by selling around 34.3 million shares, priced in the $35 to $37 range. This would give Klarna a fully diluted valuation of up to $14 billion – a sharp recovery from its $6.7 billion low in 2022, though still below its $45.6 billion peak in 2021.
Also Read – Should You Go for Klarna IPO?
The offering, managed by Goldman Sachs, JPMorgan, and Morgan Stanley, includes both company-issued and shareholder-offered stock. Its timing reflects growing investor demand for innovative digital payment solutions as technology and fintech valuations rebound.
Founded in 2005 in Stockholm, Klarna employs over 5,000 people and operates in 45 countries, serving 111 million active users and nearly 790,000 merchants. Its BNPL model lets consumers split payments into installments or defer purchases interest-free, while merchants benefit from higher order volumes. Revenue streams include merchant commissions, late fees, financing interest, advertising, and AI-driven data licensing.
Klarna competes in the fintech sector, alongside Affirm, Afterpay, and PayPal, with additional offerings like savings accounts and debit cards.
What Time Will Klarna IPO Start Trading?
Klarna is expected to list on the New York Stock Exchange (NYSE) under the ticker “KLAR”.
Trading is projected to begin on Wednesday, September 10, 2025, one day after pricing, pending SEC approval and market conditions.
While the NYSE officially opens at 9:30 AM ET, IPOs rarely begin trading at the opening bell. Instead, a Designated Market Maker sets the opening price by balancing pre-market orders, which usually delays the first trade until 10:00-11:00 AM ET.
Recent notable IPOs on the NYSE in 2025 illustrate this mid-morning trading pattern:
- Figma (FIG): Priced on July 30, 2025, shares began trading around 10:30 AM ET on July 31, soaring over 200% on debut due to strong design software demand.
- Circle (CRCL): After pricing on June 4, 2025, trading started at 10:15 AM ET on June 5, with shares jumping 120% amid crypto market enthusiasm.
- Venture Global (VG): Listed on March 15, 2025, opening at 10:45 AM ET with a 25% gain in the energy sector.
- Omada Health (OMDA): Debuted on June 6, 2025, with trading starting at 10:20 AM ET after raising $150 million in digital health.
- Picard Medical (PMI): Began trading on September 2, 2025, around 10:35 AM ET on NYSE American, following a $17 million IPO.
Based on these examples, Klarna shares are expected to begin trading around 10:30 AM ET on September 10, 2025. Investors should follow live updates from NYSE or financial outlets like Bloomberg and CNBC for the exact opening time.
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