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Klarna aims to raise up to $1.27 billion in U.S. IPO

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The Klarna Bank AB logo appears on a smartphone screen in this illustration photo in Reno, United States, on December 30, 2024.

Nurphoto | Nurphoto | Getty Images

Swedish fintech firm Klarna is looking to raise up to $1.27 billion in its long-awaited U.S. initial public offering, according to an official filing out on Tuesday.

Klarna plans to offer 34,311,274 ordinary shares priced between $35 and $37 each.

The company will list its shares on the New York Stock Exchange under the symbol “KLAR.”

Klarna will offer 5.56 million of those shares, while the remaining roughly 28.8 million will be put forward by existing shareholders who are selling their stock.

Goldman Sachs, JP Morgan and Morgan Stanley are acting as joint book runners for the listing.

This is a breaking news story. Please check back for more.

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