Klarna's shares rose 15% in the New York Stock Exchange on Wednesday and closed after the Swedish Fintech Prize of $ 45.82.
Klarna, known for his popular purchase, paid later products to 40 USD shares on Tuesday and collected 1.37 billion US dollars for the company and existing shareholders.
The IPO marks the latest in a growing list of top-class tech listings this year, which indicates that new offers from Wall Street indicate an increased demand for new offers. Companies like StableCoin issued Circle and design software platform Figma rose in their respective debuts. In the meantime, Crypto Exchange Gemini will go public later this week.
“For me it is really just a milestone,” said Klarnas co -founder and CEO Sebastian Siemiatkowski in an interview in an interview on Wednesday. “It's a bit like a wedding.
The share was opened at 52 USD before the day had gone. In the end, the company had a value of around 17.3 billion US dollars.
Clearly admission to the public markets will test the excitement of Wall Street via the business direction. The company has taken its move to banking business in recent months and introduced a debit card and a personal deposit accounts in the USA
Klarna has signed 700,000 card customers in the USA so far and has 5 million people on a waiting list to look for access to the product, Siemiatkowski told CNBC. He added that the Klarna card represents a different offer than the FinTech Affirm map offer, which has attracted 2 million users since its introduction in 2021.
“We may put on a somewhat different audience than the Bestirm card,” said Siemiatkowski. “I get the impression that it is more of a card that people simply use them to have funding with interest in somewhat higher tickets.”
In addition to Affirm, Klarna also competes with AfterPay, which was acquired by Square for 29 billion US dollars in 2021, a unit of block.
Klarna faces potential regulatory headwind. In Great Britain, the government has proposed new rules to bring BNPL loans under a formal supervision in order to take into account the afflection concerns regarding the market.
A banner for Swedish Fintech Klarna hangs on the front of the New York Stock Exchange (NYSE) to celebrate the company's IPO in New York City, USA, September 10, 2025.
Brendan McDermid | Reuters
The IPO is ready to generate billions of dollars in returns for some of the long -time investors of Klarna. Existing shareholders offer the majority of the Klarna shares – 28.8 million – on the public market. At its IPO price of 40 US dollars, this corresponds to almost 1.2 billion US dollars. In the meantime, Klarna collected 222 million US dollars from the IPO.
Sequoia, which for the first time supported Klarna in 2010, has invested 500 million US dollars as a whole. The risk clutch sold 2 million of its 79 million shares in the IPO, which means that it achieved an overall return of around 2.65 billion US dollars based on the offer price.
Andrew Reed, a partner at Sequoia, told CNBC that he was still on college when the company made his first investment in an “alternative payment company in Stockholm”. The early work, he said, was expanded in Europe.
“15 years later in New York with over 100 million consumers and over 100 billion US dollars GMV [gross merchandise value] And almost a million dealers, it is amazing what can do long -term vision a year after the other execution and growth and Sebastian, “said Reed.
Another Klarna investor was not so lucky. Japan Soft bank headed a finance round of 2021 in Klarna with an assessment of 46 billion US dollars and has seen the value of his share since then.
REGARD: The interview of CNBC with the CEO of Clarna, Sebastian Siematkowski