Klarna IPO is said to stop taking orders 4pm Monday in New York

Klarna IPO is said to stop taking orders 4pm Monday in New York

Swedish fintech giant Klarna has announced that its initial public offering (IPO) will halt order taking at 4 PM Eastern Time on Monday, September 8, 2025. This marks a significant milestone in the company's journey to becoming a publicly traded entity. The IPO, which is set to be one of the largest of the year, will see Klarna sell approximately 34.3 million shares at a price range of $35 to $37 per share [1].

The decision to list on the New York Stock Exchange (NYSE) under the ticker symbol "KLAR" comes after the company's initial attempt in London was derailed by political and economic uncertainties. Klarna's move to the US is a strategic shift aimed at capitalizing on the current momentum in the IPO market, which has seen a significant rebound following a spring freeze sparked by uncertainty over President Donald Trump's tariff policies [2].

The company's financials, as outlined in its prospectus, indicate a robust growth trajectory. Klarna's gross merchandise volume (GMV) for the trailing 12-month period ending June 30, 2025, stood at $112 billion, up from $53 billion in 2020. Revenue over the same period was $3 billion, with 111 million active consumers. Despite a 64% surge in provisions for possible bad loans to $174 million, the company reported a 0.56% fall in credit losses, indicating a stable financial performance [1].

Investors are advised to approach the Klarna IPO with caution, as IPOs can be volatile, especially for retail investors. While the first-day showings for new stocks tend to be strong, returns for the first year are generally weak. It is recommended that investors buy shares in a small amount they can afford to lose and have a clear trading plan in place [2].

References:
[1] https://www.cityam.com/klarna-confirms-second-hit-at-new-york-listing-in-snub-to-london/
[2] https://www.kiplinger.com/investing/ipos/klarna-ipo-should-you-buy-klar-stock