Klarna IPO Priced At $40 Per Share, Valuing The Buy Now, Pay Later Company At $15 Billion

Benzinga

Klarna priced its initial public offering at $40 per share on Tuesday, according to CNBC. The price tops its expected range and values the Swedish buy now, pay later company at about $15 billion. The deal raised $1.37 billion, with $1.17 billion going to long-time shareholders and $200 million to the company. Klarna delayed its listing earlier this year following Trump’s tariff announcement but joins a wave of tech IPOs, including Circle and Figma. Klarna reported a $53 million second-quarter loss, widening from $18 million a year ago, while revenue rose 20% to $823 million. Klarna earns revenue from merchant transaction fees, interest on longer-term financing, and late fees.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Klarna priced its initial public offering at $40 per share on Tuesday, according to CNBC.

00:08The price tops its expected range and values the Swedish buy,

00:12now pay later company at about $15 billion.

00:15The deal raised $1.37 billion,

00:18with $1.17 billion going to longtime shareholders and $200 million to the company.

00:26Klarna delayed its listing earlier this year following Trump's tariff announcement.

00:30But joins a wave of tech IPOs, including Circle and Figma.

00:33Klarna reported a $53 million second quarter loss, widening from $18 million a year ago,

00:39while revenue rose 20% to $823 million.

00:43Klarna earns revenue from merchant transaction fees, interest on longer-term financing, and late fees.

00:49For all things money, visit Benzinga.com.

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