Klarna shares fall 5.06% intraday amid securities lawsuits over alleged misleading IPO disclosures on BNPL loan risk.

Klarna Group plc (KLAR) fell 5.06% during intraday trading following multiple lawsuits alleging securities law violations related to its September 2025 initial public offering. The lawsuits, filed by several law firms, claim Klarna and its executives materially understated the risk of rising loss reserves tied to its buy-now-pay-later (BNPL) loans, leading to false and misleading disclosures during the IPO. The suits allege that the company’s failure to disclose these risks resulted in inflated stock prices, harming investors who purchased shares during the offering period. With multiple class-action deadlines set for February 20, 2026, the legal challenges have likely triggered investor concerns over corporate governance and potential financial liabilities, contributing to the sharp intraday decline.