Swedish fintech firm Klarna has launched its initial public offering (IPO), with the intention of raising up to $1.27bn. 

The buy now, pay later (BNPL) outfit is seeking valuation of up to $14bn in the offering, reported Reuters.  

The offering includes 34,311,274 ordinary shares, with 5,555,556 being offered by Klarna itself and the remaining 28,755,718 by certain selling shareholders.  

The IPO price range is set between $35 and $37 per ordinary share.  

Klarna has been approved to list on the New York Stock Exchange under the ticker symbol “KLAR”.  

In connection with the IPO, the selling shareholders have granted the underwriters a 30-day option to purchase an additional 5,146,691 ordinary shares to cover over-allotments.  

This could potentially increase the total funds raised if the option is exercised. 

The joint book-running managers for the offering are Goldman Sachs & Co., J.P. Morgan, and Morgan Stanley.  

Other financial institutions including BofA Securities, Citigroup, and Deutsche Bank Securities are serving as bookrunners, with several other firms acting as co-managers for the IPO. 

Despite the planned IPO, Klarna paused its public offering in April following the US administration’s announcement of new tariffs.  

In March, the company filed its IPO papers with US SEC.  

The delay was attributed to market turbulence resulting from the tariffs, according to several media reports. 

Klarna’s financial results for the second quarter of 2025 showed strong performance, marking its fifth consecutive quarter of operational profitability. 

The company reported $823m in revenue, with 111 million active consumers and 790,000 merchant partners.