Klarna goes to market with elevated price tag

Klarna, the buy now, pay later (BNPL) pioneer, has set the price of its highly anticipated IPO at $40 per share, giving the fintech a valuation of around $15 billion. The figure comes in above the originally expected range of $35 to $37 per share, reflecting strong investor appetite for fintech stocks.

The Stockholm-headquartered firm raised roughly $1.37 billion by selling 34.3 million shares in the offering, marking one of the biggest fintech debuts of 2025. Early indications suggest strong demand, with shares already priced at a premium to the guidance range.

The move places Klarna alongside other fintechs testing the market this year. Circle recently surged beyond its initial pricing after listing, while Figure Technology has adjusted its own IPO range upward from $18–20 per share in response to heightened investor interest. Together, these offerings highlight a renewed confidence in fintech growth stories after a period of cautious valuations.

Klarna’s listing on the New York Stock Exchange under the ticker symbol KLAR represents a pivotal step in its global growth journey. Known for popularizing BNPL services, Klarna now serves over 150 million active consumers and works with more than 500,000 merchants worldwide.

By pricing its IPO above expectations, Klarna signals both the strength of its brand and the resilience of demand for fintech stocks. Analysts will now be watching closely to see whether investor enthusiasm carries through trading in the weeks ahead.