Cathie Wood‘s ARK Invest jumped into Swedish fintech firm Klarna (KLAR) on its first day of trading, securing an early stake in one of the year’s most high-profile IPOs. On September 10, the ARK Fintech Innovation ETF (ARKF) purchased 200,000 shares of Klarna, worth about $8 million.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Klarna’s Debut Ranks among 2025’s Biggest IPOs
Klarna priced its IPO at $40 per share, above its expected range of $35–37, and raised $1.37 billion in the deal. That gave the Swedish fintech a market value near $15 billion, placing it as one of the largest IPOs of 2025 so far.
Shares opened at $52, surged to $57.20 intraday, and finished the day at $45.82 — still up 15% from the IPO price. The strong first-day gains, along with heavy demand for shares, put Klarna in the “blockbuster IPO” category.
ARK Bets on Fintech Growth
Klarna, best known as a leader in the “buy now, pay later” (BNPL) space, has been expanding into digital banking and payments to diversify its growth. The company reported $823 million in revenue for the June quarter, up from $682 million a year earlier. However, it also posted a net loss of $52 million.
Klarna has been investing heavily to grow its customer base and expand into new markets, including the U.S., where it competes with Affirm (AFRM) and Block (SQ). The company said it has already signed up 700,000 debit card customers in the U.S. so far this year, with millions still waiting to seek access to its cards.
For ARK, Klarna’s blockbuster debut was an opportunity to secure early exposure to one of the year’s most important fintech listings. The $8 million buy underscores Wood’s long-term belief in Klarna’s role as a global payments player.
Upcoming IPOs
TipRanks has a list of initial public offerings in its IPO calendar. Other upcoming stock issuance can be found in the chart below.
