Klarna is preparing to price its long-awaited IPO at or above the top of its marketed range, reflecting exceptional investor demand that has seen the deal more than eight times oversubscribed, according to Bloomberg.

The Swedish-founded fintech and its shareholders are offering 34.3m shares at $35–$37 apiece, with Klarna itself issuing 5.6m and existing holders — including co-founder Victor Jacobsson, Sequoia Capital, and Anders Holch Povlsen’s Heartland A/S — selling 28.8m. The transaction could raise up to $1.27bn.

Institutional orders closed on Monday, with pricing set to be finalised after markets close on Tuesday. The stock will trade on the New York Stock Exchange under the ticker KLAR.

Founded in 2005, Klarna has become one of the world’s leading consumer finance and payments companies. It now serves 111m active customers globally and works with 790,000 merchants. The platform processed $112bn in gross merchandise value in the 12 months to June 30.

Goldman Sachs, JPMorgan, and Morgan Stanley are leading the underwriting syndicate, joined by more than 10 other banks.

The listing comes as U.S. IPO activity accelerates, with first-time share sales raising $24.4bn so far in 2025, compared with $20.4bn over the same period last year.

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