Swedish fintech powerhouse Klarna Bank AB has reignited its long-awaited public debut, announcing plans Tuesday to raise as much as $1.3 billion in a New York listing. The move comes just months after the buy-now, pay-later giant shelved its IPO following market unrest triggered by former U.S. President Donald Trump’s “Liberation Day” tariffs.
With Davis Polk & Wardwell LLP guiding the company and Latham & Watkins LLP advising underwriters, Klarna is back on Wall Street’s radar with a deal that could value the firm at $14 billion.
The Numbers Behind the Offering
According to documents filed with the U.S. Securities and Exchange Commission, Klarna plans to float 34.3 million shares priced between $35 and $37 each. At the midpoint, the IPO would generate $1.27 billion in proceeds.
Of those shares, 5.6 million will come directly from Klarna, while the bulk — 28.67 million shares — will be offered by existing shareholders. Backed by Sequoia Capital, the Stockholm-based company already boasts 111 million active users and partnerships with nearly 790,000 merchants across 26 countries.
