Klarna Group, the Swedish fintech startup known for its popular buy now, pay later services, has reveled the target share price for its long-awaited initial public offering (IPO).
In a filing Tuesday with the Securities and Exchange Commission (SEC), the company said it plans to offer roughly 34.3 million ordinary shares at a price ranging between $35 and $37, raising as much as $1.27 billion in an offering led by Goldman Sachs, JPMorgan, and Morgan Stanley.
The IPO has been a long time coming. Klarna had been one of big winners of the early pandemic era’s online shopping boom, reportedly reaching a peak valuation of $45.6 billion in 2021, only to see that figure significantly reduced after stay-at-home restrictions were lifted and the world opened back up again.
At its current target price, the company would have a valuation of roughly $14 billion, Reuters reports.
Klarna intends to list its shares on the New York Stock Exchange (NYSE) under the ticker symbol KLAR. No listing date was mentioned in the filing. A spokesperson for Klarna declined to comment.
High-profile tech IPOs are a thing this year
Earlier this year, Klarna reportedly put its IPO on hold in the wake of economic uncertainty brought on by President Trump’s tariff regime.
But since then, a number of well-known tech companies have gone public with marked success, including stablecoin issuer Circle Internet Group, design software startup Figma, and crypto exchange Bullish.
Despite those and other listings making headlines over the last few months, the global tech IPO market has remained muted. Proceeds from tech IPOs generated $6.3 billion in the second quarter of 2025, compared to $34.9 billion for the same period in 2021, according to data from CB Insights.
Founded in 2005, Klarna said it generated revenue of $2.8 billion last year, eking out a net profit of $21 million. That’s compared to revenue of $2.3 billion and a net loss of $244 million the year before.
This story is developing…
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