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Klarna's IPO pops, raising $1.4B, with Sequoia as the biggest winner
KlarnaKlarna(US:KLAR) TechCrunch·2025-09-10 19:11

It’s been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised 1.4billion,largelyforitsexistinginvestors,ratherthanitself.Thefintechgiantsoldsharesat1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at 40, above its announced range of 35to35 to 37, and came out of the gate with a 15billionvaluation.Sharespopped,openingat15 billion valuation. Shares popped, opening at 52, though quickly settling down to around $46 mid-day. Of the 34.3 million shares Klarna sold, only 5 mi ...