New updates have been reported about Klarna (PC:KLRNA)
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Klarna, a prominent player in the fintech sector, has successfully launched its initial public offering (IPO) on the New York Stock Exchange, marking a significant milestone in its 20-year journey. The company raised $1.4 billion, primarily benefiting its existing investors, with shares priced at $40, surpassing the anticipated range of $35 to $37. This move valued Klarna at $15 billion, with shares initially opening at $52 before stabilizing around $46. Of the 34.3 million shares sold, Klarna itself sold only 5 million, while the majority were offloaded by major shareholders such as Sequoia Capital, Silver Lake, and BlackRock, who retained substantial stakes despite the sell-off.
CEO Sebastian Siemiatkowski, who co-founded Klarna in 2005, did not sell any shares, maintaining a 7.5% stake valued at over $1 billion at the IPO price. Co-founder Victor Jacobsson, who departed the company in 2012, sold 1.1 million shares but still holds over 8% of the company. Sequoia Capital remains the largest shareholder, controlling nearly 23% of Klarna. The IPO strategy of selling shares from existing investors helped Klarna attract significant institutional interest, potentially enhancing its market valuation. Siemiatkowski reflected on the company’s journey, emphasizing the importance of this public offering as a testament to Klarna’s growth from a small startup to a global fintech leader. Despite the substantial funds raised, Klarna’s IPO was not the largest of 2025, with CoreWeave holding that record. This public debut not only underscores Klarna’s resilience and strategic growth but also sets the stage for its future endeavors in the competitive fintech landscape.