Klarna Group, which provides a platform for e-commerce payment plans, announced terms for its IPO on Tuesday.
The London, United Kingdom-based company plans to raise $1.2 billion by offering 34.3 million shares (84% secondary) at a price range of $35 to $37. At the midpoint of the proposed range, Klarna Group would command a fully diluted market value of $13.7 billion.
The company, which has its roots in Sweden, is perhaps best known for its buy-now-pay-later plans, including its four-part interest-free payment plan. It also offers its own "Klarna Card" in partnership with Visa, and its own app offering cashback on e-commerce purchases made through it. Klarna states it has about 111 million active customers, and 790,000 merchants in 26 countries as of June 30, 2025. It also states that it facilitated $112 billion of GMV and that 98% of facilitated transactions were interest-free in the 12 months ended June 30, 2025.
Klarna Group was founded in 2005 and booked $3.0 billion in revenue for the 12 months ended June 30, 2025. It plans to list on the NYSE under the symbol KLAR. Goldman Sachs, J.P. Morgan, Morgan Stanley, BofA Securities, Citi, Deutsche Bank, Societe Generale, and UBS Investment Bank are the joint bookrunners on the deal. It is expected to price during the week of September 8, 2025.
