Klarna files for second New York listing at up to £10 billion valuation
Swedish buy‑now‑pay‑later firm aims to raise as much as £950 million with shares pitched at £26–£28 after pausing earlier IPO plans
Klarna has returned to the U.S. capital markets with plans for a second attempt to list in New York, seeking a valuation of as much as £10 billion and aiming to raise up to £950 million.
The Swedish buy‑now‑pay‑later group said it plans to price shares in a range between £26 and £28. The filing comes after Klarna paused earlier initial public offering plans this year, citing market volatility tied to U.S. tariff policy as a factor in its decision to delay.
Klarna has sought to reassure investors with recent trading figures. The company reported sales of £615 million for the three months ended June, a 20 percent increase from the year earlier, according to the filing. The planned New York listing would be the latest effort by the fintech to rebuild investor confidence after a period of sharply reduced private valuations.
The company’s private valuation peaked at about £34 billion in a 2021 fundraising round. That figure contracted substantially amid a broader reassessment of technology and fintech valuations in 2022, when a private capital valuation had fallen to roughly £5.2 billion.
Klarna has also pursued consumer-facing marketing and partnerships; high‑profile endorsements have included appearances by media personality Paris Hilton. The company’s revived New York push comes as investor appetite for select technology and payments businesses has shown signs of returning following earlier market turbulence.
The filing does not guarantee a successful listing or specify a timetable for pricing and trading. If the offering proceeds at the stated price range and funding target, it would represent a substantial gap between the company’s earlier private market highs and lows, reflecting both the volatility of the buy‑now‑pay‑later segment and shifts in investor sentiment.
Klarna’s plans will be watched by market participants and rivals in the payments sector as regulators and investors continue to scrutinize lending and installment payment products. The company’s ability to deliver sustained revenue growth and to navigate changing macroeconomic and policy conditions will be key to investor evaluation once the shares begin trading.
The filing underscores the broader trend of fintechs returning to public markets after a period of retreats and valuation resets, with companies recalibrating offerings and disclosures to appeal to public investors. Klarna’s stated goals for capital raising and its targeted valuation set a benchmark for how the company and its backers view the path to recovery from the post‑2021 downturn.