Klarna Group plc, a global digital bank and flexible payments provider, announced the pricing of its initial public offering (IPO) of 3,43,11,274 ordinary shares at $40 per share, with trading expected to begin on the New York Stock Exchange on September 11 under the ticker ‘KLAR’.
The company has raised $1.37 billion in its US IPO.
Of the total shares, 50,00,000 are being sold by Klarna and 2,93,11,274 by certain selling shareholders. In connection with the offering, the selling shareholders granted underwriters a 30-day option to purchase up to an additional 51,46,691 ordinary shares to cover over-allotments. Klarna will not receive proceeds from the sale of shares by the selling shareholders.
“The closing of the offering is expected to occur on September 11, 2025, subject to the satisfaction of customary closing conditions,” the company said in a statement.
Goldman Sachs & Co. LLC, JP Morgan and Morgan Stanley are acting as joint book-running managers for the offering. BofA Securities, Citigroup, Deutsche Bank Securities, Societe Generale and UBS Investment Bank are serving as bookrunners, while BNP Paribas, Keefe, Bruyette & Woods, Nordea, Rothschild & Co, Wedbush Securities, and Wolfe | Nomura Alliance are acting as co-managers.
A registration statement on Form F-1 relating to the offering was filed with the US Securities and Exchange Commission and declared effective on September 9. The offering is being made solely through a prospectus, which is available free of charge on the SEC’s website, or through Goldman Sachs, JP Morgan or Morgan Stanley.
“This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful,” the company added.
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