{"id":8076,"date":"2025-09-11T08:30:42","date_gmt":"2025-09-11T08:30:42","guid":{"rendered":"https:\/\/demo5.dedicatedhost247.com\/zexo\/klarnas-stock-jumps-15-in-nyse-debut-after-pricing-ipo-above-range\/"},"modified":"2025-09-11T08:30:42","modified_gmt":"2025-09-11T08:30:42","slug":"klarnas-stock-jumps-15-in-nyse-debut-after-pricing-ipo-above-range","status":"publish","type":"post","link":"https:\/\/demo5.dedicatedhost247.com\/zexo\/klarnas-stock-jumps-15-in-nyse-debut-after-pricing-ipo-above-range\/","title":{"rendered":"Klarna&#8217;s stock jumps 15% in NYSE debut after pricing IPO above range"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"SpecialReportArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"SpecialReportArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108197297\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108197297\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000388473\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Shares of <a href=\"https:\/\/www.cnbc.com\/quotes\/KLAR?qsearchterm=klarna\">Klarna<\/a> rose 15% in their New York Stock Exchange debut Wednesday, closing at $45.82 after the Swedish fintech priced its IPO above its expected range.<\/p>\n<p>Klarna, known for its popular buy now, pay later products, <a href=\"https:\/\/www.cnbc.com\/2025\/09\/09\/klarna-prices-ipo-at-40-above-online-lenders-expected-range-.html\">priced shares at $40 on<\/a> Tuesday, raising $1.37 billion for the company and existing shareholders.<\/p>\n<p>The IPO marks the latest in a growing list of high-profile tech listings this year, suggesting increased<a href=\"https:\/\/www.cnbc.com\/2025\/09\/10\/ipo-index-hits-3-year-high-with-klarna-latest-offering-set-to-boom.html\"> demand from Wall Street <\/a>for new offerings. Companies like stablecoin issuer <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-4\"><a href=\"https:\/\/www.cnbc.com\/quotes\/CRCL\/\">Circle<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> and design software platform <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-5\"><a href=\"https:\/\/www.cnbc.com\/quotes\/FIG\/\">Figma<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> soared in their respective debuts. Meanwhile, crypto exchange Gemini is expected to go public later this week.<\/p>\n<p>&#8220;To me, it really just is a milestone,&#8221; Klarna&#8217;s co-founder and CEO Sebastian Siemiatkowski told CNBC in an interview on Wednesday. &#8220;It&#8217;s a little bit like a wedding. You prepare so much and you plan for it and it&#8217;s a big party. But in the end \u2014 marriage goes on.&#8221;<\/p>\n<p>The stock opened at $52 before dropping as the day progressed. At the close, the company was valued at about $17.3 billion.<\/p>\n<\/div>\n<div class=\"group\">\n<p>Klarna&#8217;s entry into the public markets will test Wall Street&#8217;s excitement about the direction of its business. The company has in recent months talked up its move into banking, rolling out a debit card and personal deposit accounts in the U.S.<\/p>\n<p>Klarna has signed 700,000 card customers in the U.S. so far and has 5 million people on a waiting list seeking access to the product,\u00a0Siemiatkowski told CNBC. He added that Klarna Card represents a different proposition to rival fintech Affirm&#8217;s card offering, which has attracted 2 million users since its launch in 2021.<\/p>\n<p>&#8220;We&#8217;re attracting a slightly different audience maybe than the Affirm card,&#8221; Siemiatkowski said. &#8220;I get the impression that is more a card where people use it simply to be able to have financing with interest on slightly higher tickets.&#8221;<\/p>\n<p>In addition to Affirm, Klarna also competes with Afterpay, which was <a href=\"https:\/\/www.cnbc.com\/2021\/08\/02\/square-to-buy-australia-fintech-afterpay-amid-buy-now-pay-later-trend.html\">acquired<\/a> for $29 billion in 2021 by Square, now a unit of <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-7\"><a href=\"https:\/\/www.cnbc.com\/quotes\/XYZ\/\">Block<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>.<\/p>\n<p>Klarna faces some potential regulatory headwinds. In the U.K., the government has proposed new rules to bring BNPL loans under formal oversight to address affordability concerns regarding the market.<\/p>\n<\/div>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108196828\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>A banner for Swedish fintech Klarna, hangs on the front of the New York Stock Exchange (NYSE) to celebrate the company\u2019s IPO in New York City, U.S., September 10, 2025.  <\/p>\n<p>Brendan McDermid | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>The IPO is poised to generate billions of dollars in returns for some of Klarna&#8217;s long-time investors. Existing shareholders are offering the bulk of Klarna shares \u2014 28.8 million \u2014 on the public market. At its IPO price of $40, that translates to almost $1.2 billion. Meanwhile, Klarna raised $222 million from the IPO.<\/p>\n<p>Sequoia, which first backed Klarna in 2010, has invested $500 million in total. The venture firm sold 2 million of its 79 million shares in the IPO, meaning it&#8217;s generated an overall return of about\u00a0$2.65\u00a0billion, based on the offer price.<\/p>\n<p>Andrew Reed, a partner at Sequoia, told CNBC that he was still in college when the firm made its first investment in an &#8220;alternative payments company in Stockholm.&#8221; The early work, he said, was around expanding in Europe.<\/p>\n<p>&#8220;Being here in New York 15 years later with over 100 million consumers and over $100 billion of GMV [gross merchandise value] and close to a million merchants, it is staggering what one year after another of execution and growth and Sebastian&#8217;s long-term vision can do,&#8221; Reed said.<\/p>\n<p>Another Klarna investor hasn&#8217;t been so lucky. Japan&#8217;s <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-8\"><a href=\"https:\/\/www.cnbc.com\/quotes\/9984.T-JP\/\">SoftBank<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> led a 2021 funding round in Klarna at a $46 billion valuation and has since seen the value of its stake <a href=\"https:\/\/www.cnbc.com\/2022\/07\/11\/klarna-valuation-plunges-85percent-as-buy-now-pay-later-hype-fades.html\">plunge significantly<\/a>.<\/p>\n<p><strong>WATCH:<\/strong> <a href=\"https:\/\/www.cnbc.com\/video\/2025\/09\/10\/watch-cnbcs-full-interview-with-klarna-ceo-sebastian-siemiatkowski.html\">CNBC&#8217;s interview with Klarna CEO Sebastian Siematkowski<\/a><\/p>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Shares of Klarna rose 15% in their New York Stock Exchange debut Wednesday, closing at $45.82 after the Swedish fintech priced its IPO above its expected range. Klarna, known for its popular buy now, pay later products, priced shares at $40 on Tuesday, raising $1.37 billion for the company and existing shareholders. The IPO marks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[49],"tags":[10792,1036,199,12175,5461,12176,303,742,2311,12177,9488,9528,1422,4523,650,304],"jetpack_featured_media_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/108196905-1757518268429-gettyimages-2234047279-KLARNA_IPO.jpeg?v=1757518289&w=1920&h=1080","_links":{"self":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts\/8076"}],"collection":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/comments?post=8076"}],"version-history":[{"count":0,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts\/8076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/media\/8077"}],"wp:attachment":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/media?parent=8076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/categories?post=8076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/tags?post=8076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}