Klarna's Shares Close Above IPO Price in First Trading Session, Valued at $17.5 Billion

Klarna, a leading buy now, pay later firm, finished its first trading session above its IPO price of $40, closing at $45.82. The fintech company has a market capitalization of $17.5 billion. Klarna plans to challenge credit card issuers and aims to spend the next few decades "disrupting" retail banking. The company's shares rose above $57 and slipped below $46 during the day.

Klarna, a leading buy now, pay later (BNPL) fintech company, successfully completed its first trading session on the New York Stock Exchange (NYSE) on September 10, 2025, closing at $45.82 per share. This marks a significant milestone for the Swedish-based company, which had an initial public offering (IPO) price of $40 per share. The company's market capitalization stands at $17.5 billion, reflecting strong investor confidence in the BNPL sector High demand for 'buy now, pay later' leads Klarna to over price IPO^[1].

Klarna's IPO, which raised $1.37 billion, was priced above its target range of $35 to $37 per share, indicating high demand from investors. The company's shares saw a 30% increase from the IPO price, reaching $52 before slipping back to $46 during the day Fintech Firm Klarna raises $1.37B in US IPO, Sets Stage for Market Debut^[2]. This performance underscores the growing interest in fintech companies, particularly those operating in the BNPL space.

The company's IPO comes at a time when the fintech industry is experiencing renewed enthusiasm, as evidenced by the successful launches of stablecoin issuer Circle and design startup Figma this summer Klarna Opens Up 30% In First Of Three Fintech IPOs Expected This Week^[3]. Klarna's IPO follows the pattern of other high-profile fintech firms, such as Affirm and Afterpay, which have also seen strong market reception.

Klarna's market entry coincides with a wave of IPOs in the fintech sector. The company plans to challenge traditional credit card issuers and aims to disrupt retail banking over the next few decades. Its innovative payment model allows customers to split purchases into installments, pay the full amount within a month, or opt for longer-term financing. Despite profitability challenges, Klarna's user base continues to grow, with over 100 million customers worldwide.

The company's strategic decision to rebrand itself as a digital bank, offering savings, checking accounts, and credit cards, positions it as a formidable player in the evolving digital payments landscape. Klarna's success in the BNPL market, coupled with its ambitious plans, signals a promising future for the company and the broader fintech industry.

References:
High demand for 'buy now, pay later' leads Klarna to over price IPO^[1] UPI, "Sweden's Klarna lands on NYSE in IPO priced over benchmark," September 10, 2025.
Fintech Firm Klarna raises $1.37B in US IPO, Sets Stage for Market Debut^[2] Sujha Sundararajan, "Fintech Firm Klarna raises $1.37B in US IPO, Sets Stage for Market Debut," Cryptonews, September 10, 2025.
Klarna Opens Up 30% In First Of Three Fintech IPOs Expected This Week^[3] Julie Goldenberg, "Klarna Opens Up 30% in First of Three Fintech IPOs Expected This Week," Forbes, September 10, 2025.