Tue Sep 02 15:00:00 UTC 2025: Here’s a summary of the text, followed by a rewritten version as a news article:

**Summary:**

Swedish fintech giant Klarna is set to go public on the New York Stock Exchange, aiming to raise up to $1.27 billion and valuing the company at up to $14 billion. The IPO will consist primarily of existing shareholders selling their stock, with Klarna offering a smaller portion. The company’s revenue grew 20% year-over-year in the latest quarter, but losses also widened. This IPO comes after a previous attempt was delayed and Klarna’s valuation has significantly decreased from its 2021 peak.

**News Article:**

**Klarna Eyes $1.27 Billion in Highly Anticipated IPO, Valuing Fintech at $14 Billion**

**NEW YORK** – Swedish buy-now-pay-later giant Klarna is finally taking the plunge into the public market, launching its IPO on the New York Stock Exchange under the ticker symbol “KLAR”. The offering is expected to raise up to $1.27 billion, valuing the fintech company at up to $14 billion.

The company plans to offer 34,311,274 ordinary shares, priced between $35 and $37 each. While Klarna itself will offer approximately 5.56 million shares, the bulk of the offering – roughly 28.8 million shares – comes from existing shareholders looking to cash in.

Goldman Sachs, JP Morgan, and Morgan Stanley are serving as joint book runners for the highly anticipated listing.

Founded in 2005, Klarna initially disrupted the retail landscape with its buy-now-pay-later (BNPL) service, allowing consumers to split purchases into installments. The company has since expanded its offerings to include debit cards and deposit accounts, aiming to become a comprehensive financial platform.

Recent financial results, revealed in the company’s SEC filing, show a 20% year-over-year increase in revenue for the June quarter, reaching $823 million. However, the company also reported a widening net loss of $53 million for the same period.

This IPO marks a significant milestone for Klarna, but comes after a turbulent period. The company initially planned to go public earlier this year but delayed the offering, citing market volatility. Klarna’s valuation has also seen a dramatic decline since its peak of $45.6 billion in a 2021 SoftBank-led funding round, plummeting to as low as $6.7 billion in 2022 amid worsening macroeconomic conditions linked to the Russia-Ukraine war.

Whether Klarna can capture investor enthusiasm and deliver strong performance as a public company remains to be seen, but the IPO is poised to be one of the most closely watched fintech events of the year.

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