Klarna IPO: Will Klarna Stock Begin Trading in 2025?

Explore opportunities to invest in Klarna before the Klarna IPO arrives, which could come as early as Q1 2025. The company has indicated it is targeting a Q1 2025 IPO and has filed confidentially.

Participate in upcoming IPOs at TradeStation. 

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Notable Klarna News

01/14/2025: Klarna scores global payment deal with Stripe
11/25/2024: Klarna Inches Closers to Profitability
11/20/2024: Klarna’s US listing is a sad reflection of Europe’s failings
11/12/2024: Klarna Announces Confidential IPO SEC Filing
Older news…

About Klarna

Klarna is a Swedish fintech and e-commerce company. The company provides consumers with a comparison shopping platform and flexible payment options commonly called a buy-now-pay-later (BNPL) service.

Consumers shop wherever they choose, whether online, on mobile devices, or in shopping malls, then use the Klarna app or browser extension to checkout.

Once a purchase is in the app, users have multiple no-fee flexible short-term payment options and longer-term options with financing rates ranging from 0%-29.99%. Klarna also offers browser extensions for online shopping, similar to Ibotta, and a credit card for everyday purchases. 

Klarna means “clear” or “clarity” in Swedish. 

Just as we’ve seen companies such as Stripe and Block (Square) modernize payments for vendors, Klarna and competitors such as Affirm are modernizing the payment experience to give consumers more financial choices.

The big credit card companies are noticing. The Chase Pay Over Time and American Express Pay Over Time are direct responses to the popularity of BNPL apps. 

Klarna was founded in 2005 in Stockholm but didn’t launch in the United States until 2015. It has since accepted private investments from multiple U.S.-based venture capital firms. 

Ownership

Klarna is a venture-backed technology startup. Its investors include the founders, employees, and global venture capital firms. 

The company has conducted multiple equity raises since 2005, raising more than $4 billion. 

The latest funding round completed in July 2022 raised $800 million, at an 85% discount from its peak valuation. 

Klarna has welcomed significant venture capital funding firms such as Investment AB Öresund, Sequoia, SoftBank, Bestseller, Silver Lake, the Commonwealth Bank of Australia, Honeycomb Asset Management, WestCap, Adit Ventures, Dragoneer, Ant Group, General Atlantic, DST Global, HMI Capital, Mubadala Investment Company, and the Canada Pension Plan Investment Board. 

Funding Rounds

WordPress Data Table Plugin

Valuation

The last confirmed Klarna valuation is $6.7 billion. The valuation was established when the company raised $800 million from investors in July 2022. 

However, pre-IPO data available at Hiive indicates the company is now worth more than $10 billion as of late-2024.

Investor Chrysalis set an internal value of $14.6 billion in late October, 2024 and Caplight data supports a $15.3 billion valuation as of December 2024. 

A Bloomberg report in late February says that Klarna is speaking to bankers about a potential $20 billion IPO in the second half of 2024, but that is now expected in 2025. 

The Klarna valuation peaked 13 months earlier when it raised $639 million at a $45.6 billion valuation. SoftBank’s Vision Fund led the disastrous round.

2021 was an exuberant year for IPOs and private fundraising. 2022 was quite the opposite. 

IPO Potential

The most recent statements by Klarna’s CEO suggest the company is targeting a Q1 2025 IPO. It announced that it filed confidentially for an IPO on November 12th, 2024. 

The confidential filing is a good sign the IPO will launch in 2025. 

When asked by Bloomberg on May 14th, 2024, if the IPO could come earlier than Q1 2025, he said “everything’s possible”. 

An earlier Bloomberg report indicated the Klarna IPO may occur as early as Q3 2024. But that seems less likely now. 

In March 2024, he told Fortune:

I always look to the Google IPO and I feel that was a perfect IPO. It’s important that we have met the criteria that we have set up for ourselves to IPO. I hope that we will be able to make it happen quite soon.

Klarna CEO Sebastian Siemiatkowski told the Financial Times in August 2023: 

From an IPO perspective, the requirements have been met. So now, it’s more market conditions. It’s more a question of us getting ready and prepare the organization. We don’t have any official date; we haven’t announced anything. I’ve never seen this level of depression around fintech . . . as a fintech, this may not be the ideal moment to raise money right now.

Then in January 2024, said this to Bloomberg:

It’s very likely that this [IPO] is going to happen quite soon, but there are no official dates.

We’ll update this web page when we learn more about the Klarna IPO date and related news. 

How to Invest in Klarna Stock

Since Klarna is not a public company, it is challenging to become an equity owner today.

However, you can take action to improve your chances of early equity ownership or to acquire shares in the IPO. 

Otherwise, you’ll need to be patient for shares to begin trading after the IPO.

1. Acquire Klarna stock via pre-IPO investing platforms

The author has seen limited evidence of Klarna being available on pre-IPO platforms.

Shares may become available if early investors or employees want to cash out before the IPO. This may become more likely if the company raises a fresh round of private equity capital. 

Accredited investors can monitor pre-IPO investing platforms for future availability. Prominent pre-IPO investing platforms include Hiive, Linqto, EquityZen, and Forge Global.

Investment minimums on these platforms range from $5,000 to $50,000, but they are typically free to sign up for access and alerts. 

Non-accredited investors can gain access to pre-IPO startups via venture capital funds like the Fundrise Innovation Fund*. 

However, investors cannot choose individual companies, and Klarna is currently not a holding. 

Check out our list of top pre-IPO investing platforms for current share availability. Also, look for European pre-IPO platforms that may be selling pre-IPO shares. 

2. Participate in the Klarna IPO

Retail IPO investors may discover opportunities to invest during the IPO — acquiring shares at the IPO price the night before the company begins trading.

IPO access has become more attainable to retail investors in the past few years. 

Online brokers such as the ones listed below give customers free access to IPOs with low minimum investments. 

• TradeStation
• Robinhood

TradeStation and Webull have longer track records of accessing more than 360 IPOs and secondary offerings via their partnership with ClickIPO. 

Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.

Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.

3. Buy Klarna after the IPO

Truly disruptive companies will be higher one decade from their IPOs. Patience pays.

Waiting for the IPO can be frustrating when you want to own a private company. But there are advantages to waiting for the stock to IPO before owning it. 

The quarters after the IPO allow investors to review multiple financial statements. Pre-IPO investing has limited financials available. 

IPO stock prices typically rise with high-demand companies. You can benefit if you’re in early and sell when the price overheats.

But many investors don’t get access and miss out. Chasing inflated prices after an IPO is risky. 

The stock price declines after the IPOs can be excellent entry points.

Avoid buying overvalued shares immediately after the IPO. Shares often fall after the IPO due to lockup expirations and quarterly earnings disappointments. 

Frequently Asked Questions (FAQs)

Will Klarna’s IPO Take Place in Europe or the U.S.?

One of Europe’s biggest IPOs over the past few years didn’t happen in Europe. 

Spotify, a Swedish music streaming company, chose to launch its IPO in the U.S. on the New York Stock Exchange (NYSE). 

The European think tank, Centre for European Policy Studies (CEPS), suggests that Spotify chose the U.S. over Europe for its direct listing IPO due to complicated E.U. listing rules, the lack of a single securities authority, and demanding prospectus translation requirements.

If Klarna continues its growth trajectory, access to robust capital markets will be crucial to fund additional expansion. 

When Klarna conducts its IPO, the company will consider the listing requirements of both pan-European exchanges, such as the Nasdaq Nordic, Euronext, and Deutsche Börse, under E.U. regulation. 

Switzerland’s Climeworks may face a similar decision, as will another prominent Swedish startup, Northvolt. The U.K.’s largest fintech, Revolut, has already stated it would IPO in the U.S. 

U.S. exchanges may provide a more streamlined route to the IPO listing. U.S retail investor appetite for fintech startups and growth investments is powerful. Plus, Klarna boasts at least 37 million customers in the U.S. 

If Klarna chooses a European exchange, U.S.-based investors could still own shares through American Depositary Receipts (ADRs). 

Is Klarna Publicly Traded?

No. Klarna is a private company.

Investors may find opportunities to own the company on pre-IPO marketplaces but not on a public exchange.

Klarna Bank AB (legal name) is a private limited liability company.  

AB stands for “Aktiebolag,” which means limited company or corporation.

What is the Klarna Stock Symbol?

Klarna is still a private company, so there is no Klarna stock symbol.  

If the company decides to go public in the U.S., here are a few available Klarna ticker suggestions.

• KLAR
• KLNA
• KLRN
• KRNA
• KNA

What is the Klarna Stock Price?

There is no public Klarna stock price yet. The company is private. 

Since Klarna is not publicly traded on a stock exchange, there is no public Klarna stock price yet. Pre-IPO marketplace data can offer some guidance on current price. 

Caplight estimates the Klarna stock price is about $503 per share as of December 2024. This is up from its October 2022 funding round which confirmed the stock price at $221 per share. 

Where can I find the Klarna IPO F-1 Filing?

Klarna has not yet submitted an F-1 filing to the SEC. When the company does, we’ll share it here. 

An F-1 filing is very similar to the Form S-1 but for foreign entities. 

In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed (includes S-1, F-1, and amended filings). 

Klarna News Archive

10/28/2024: Klarna Valuation Raised by Chrysalis
08/27/2024: Klarna swings to first-half profit
08/06/2024: Klarna Weighs Secondary Share Sale
07/16/2024: Klarna lines up banks for long-planned US listing
05/14/2024: Klarna CEO: ‘Definitely ready’ for a Q1 2025 IPO, earlier
03/08/2024: Klarna CEO to go public ‘quite soon’ by copying Google
02/27/2024: Klarna in Talks With Banks for US IPO at $20 B
01/24/2024: Klarna to debut $7.99 monthly plan
01/23/2024: Klarna CEO Signals IPO in US May Happen ‘Quite Soon’
11/08/2023: Klarna is inching toward an IPO
11/06/2023: Klarna’s US Growth Soars Up Nearly 50% YOY in Q3
08/31/2023: Klarna ready for IPO when conditions improve
07/11/2022: Klarna closes major financing round
06/10/2021: Fintech giant Klarna raises $639M at a $45.6B
08/03/2019: Klarna announces $460M equity raise
03/04/2020: Ant Financial buys a stake in Klarna
12/09/2011: Klarna Raises $155M from DST And General Atlantic

Additional Resources

• 11 Fintech startups in the IPO Pipeline

Conclusion

Investors get excited when they identify companies riding extraordinary macroeconomic trends (fintech, mobile-first apps, payments). 

However, buying private companies before the IPO can often prove difficult for retail investors, even wealthy ones. 

Though pre-IPO investing platforms have opened more opportunities, venture capital investing is mostly reserved for the ultra-wealthy, requiring millions to invest in seed and early funding rounds for disruptive companies. 

If you aim to pursue pre-IPO or IPO shares in a company like Klarna, maintain reasonable expectations — you may struggle to acquire ownership until after the IPO. 

If Klarna stock is on your radar, good luck. Invest in pre-IPO and IPO companies with caution.