Klarna indicated to open at $48-$50, IPO priced at $40

Klarna (KLAR) priced 34.31M shares at $40.00, above the $35.00-$37.00 target range. Goldman Sachs, JPMorgan and Morgan Stanley are acting as joint book running managers for the offering. Klarna, a digital bank and flexible payments provider that says it is “building the next-generation commerce network,” reports serving approximately 111M active Klarna consumers and approximately 790,000 merchants in 26 countries as of June 30 and facilitating $112B of gross merchandise volume in the last twelve months ended June 30, 2025.