Swedish fintech service Klarna Group has raised $1.37 billion through an initial public offering (IPO), Bloomberg reports. In total, Klarna and its shareholders sold 34.3 million shares at $40 each. According to CNBC, $1.17 billion of the raised funds will go to shareholders, while Klarna itself will receive $200 million.
Bloomberg estimates that Klarna’s market value has reached approximately $15.1 billion following the IPO. The company was previously one of Europe’s most valuable startups. For example, in 2021, it was valued at $45.6 billion, but in 2022, its valuation dropped sevenfold to $6.7 billion.
Recently, the US IPO market has seen significant activity. Since the beginning of 2025, funds raised from IPOs on US exchanges have increased by $4 billion compared to the same period last year, reaching $24.4 billion.
Apart from Klarna, this week’s IPOs include cryptocurrency exchange Gemini Space Station, coffee chain Black Rock Coffee Bar, and engineering company Legence.
