Klarna Group PLC (KLAR) Stock Price Prediction 2025, 2026 And 2030: How High Will It Go Post IPO?

Last updated: 09/18/2025 16:25

Klarna, the Swedish buy-now, pay-now service provider, announced its initial public offering price after the closing bell on Sep 9. After many years of speculation, the Swedish buy now, pay later (BNPL) company Klarna Group (KLAR) hit the public markets on September 10. It priced shares at $40 and raised roughly $1.37 billion in capital, giving it a valuation of roughly $15 billion.

Shares of Klarna rose 15% in their New York Stock Exchange debut on September 10, closing at $45.82 after the Swedish fintech priced its IPO above its expected range. With speculation around the investment potential of Klarna growing, both traders and long-term investors are asking: What will KLAR stock be worth? How high will KLAR stock go after IPO?

This article provides an in-depth analysis of Klarna company, including its IPO journey, a KLAR stock price prediction for 2025, 2026 and 2030, a future outlook, and key valuation metrics, to help investors decide whether this high-growth stock is right for their portfolio.

Table of Contents

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What is Klarna: A Quick Overview

Founded in 2005 when e-commerce was still in its infancy, Klarna reached unicorn valuation status in 2012. Since then, it has grown from a Swedish BNPL start-up into a global fintech leader, operating in over 26 countries and boasting 111 million active users and 790,000 merchant partners. It is gaining market share from traditional banks by offering faster and more flexible payment options, as well as digital-first services that appeal to younger consumers.

Klarna partners with payment service providers, giving it access to consumers through hundreds of thousands of merchant checkouts. Klarna is also integrated with Google and Apple Pay. The idea is to make Klarna the obvious choice for shoppers. The company holds a banking licence in several European countries, enabling it to offer savings accounts and providing a low-cost funding base. Klarna generates most of its revenue by collecting a small premium on each purchase.

Klarna pioneered the BNPL model, which allows consumers to make purchases and pay in instalments without incurring interest or fees. Meanwhile, merchants benefit from increased conversion rates and average order values. BNPL services enable shoppers to split purchases into smaller, interest-free instalments over weeks or months instead of paying upfront. Klarna has also expanded its offerings beyond instalment payments to include debit cards, savings solutions and digital banking services.

In 2024, Klarna’s gross merchandise value (GMV) topped $105 billion, marking a 14% year-on-year increase following a 12% growth in 2023. Management has also increased the number of transactions per customer per year. For example, Klarna customers in Sweden made an average of 28 transactions per year through the platform. By 2024, this figure had increased to 32.

In the second quarter of 2025, Klarna reported year-on-year GMV growth of 21%, while the number of active consumers grew by 31% to reach 111 million. However, average revenue per active customer fell by around 11%. During the same period, Klarna reported revenue of $823 million, marking a 21% year-on-year increase. However, net losses rose to $53 million, up from a $2 million loss in the same quarter of 2024.

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Klarna IPO: A Full Review of Its IPO Journey

Klarna attracted significant investor interest as its valuation surged from $5.5 billion to over $45 billion within a mere two years, driven by three funding rounds conducted between mid-2020 and 2021.

In 2021, CEO Sebastian Siemiatkowski contemplated pursuing a direct listing—a strategy that circumvents the sale of new shares and the expenses associated with a traditional initial public offering (IPO). However, this plan was ultimately abandoned, and Klarna opted instead to raise funds at a substantially reduced valuation of $6.7 billion.

It initially had plans for a direct listing in 2021. However, that plan did not materialize.

In March 2025, Klarna submitted a Form F-1 registration statement to the U.S. Securities and Exchange Commission for its New York offering. Nevertheless, reports surfaced one month later indicating that the buy-now-pay-later (BNPL) company had paused its IPO plans due to unfavorable market conditions following U.S. President Donald Trump’s announcement of global trade tariffs.

Klarna ‘s (KLAR) initial public offering (IPO) plans are back in place, according to the buy-now, pay-later (BNPL) firm’s filing with the U.S. Securities and Exchange Commission (SEC) on September 2.

Klarna and some of its existing investors have offered to sell 34.3 million shares in the IPO at prices expected to be between $35 and $37, aiming to raise up to $1.27 billion, according to the company’s SEC filing. The shares will be traded under the symbol “KLAR.”

The firm reported revenue of $1.52 billion during the first six months of 2025, alongside a net loss of $153 million. During the same period a year ago, Klarna generated $1.33 billion in revenue while incurring a net loss of $38 million.

The IPO comprises a total of 34,311,274 ordinary shares, of which Klarna itself is offering 5,555,556 shares, while existing shareholders are selling 28,755,718 shares.

The IPO is being managed by a consortium of major financial institutions. Goldman Sachs, JP Morgan, and Morgan Stanley are acting as joint book-running managers, with Bank of America Securities, Citigroup, Deutsche Bank Securities, Société Générale, and UBS Investment Bank serving as bookrunners. Meanwhile, BNP Paribas, Keefe, Bruyette & Woods, Nordea, Rothschild & Co, Wedbush Securities, and Wolfe Nomura Alliance have been appointed as co-managers for the offering.

According to a Klarna statement: “The selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 5,146,691 ordinary shares to cover over-allotments. Klarna will not receive any proceeds from the sale of ordinary shares by the selling shareholders.”

Notably, Klarna has recently completed two significant financial transactions in preparation for its debut on the public market. Within the last month, the company secured a structured financing facility with Santander, providing up to $1.6 billion in funding. Klarna also agreed a deal to sell $26 billion worth of BNPL loans to Nelnet Financial Services, a US student loan servicing company.

Klarna Group Plc (KLAR) generated significant interest from retail investors in the early hours of 10 September, after pricing its initial public offering (IPO) at $40 per share. This raised $1.37 billion and marked the beginning of what is expected to be one of the most successful weeks of the year for US listings.

This exceeded the $35–$37 price range communicated by the company earlier. According to the firm, Klarna and some of its shareholders sold 34.3 million shares. Based on its outstanding shares, the offer price values the company at $15.1 billion.

According to reports, Sequoia Capital, Klarna’s largest shareholder, has seen its original investment of $500 million in 2010 increase in value by $2.7 billion.

However, this valuation is much lower than the $45.6 billion attained in 2021 following a fundraising round with SoftBank, as investor interest has slumped amid an elevated interest rate environment. The stock is set to begin trading in New York on 10 September.

According to a person familiar with the matter, the IPO ended more than 20 times oversubscribed. The pricing gives Klarna a market value of approximately $15.1 billion based on its outstanding shares.

On 10 September, shares in Klarna rose 15% on their debut at the New York Stock Exchange, closing at $45.82 after the Swedish fintech priced its IPO above its expected range.

The stock opened at $52, but then dropped as the day went on. At the close of trading, the company was valued at approximately $17.3 billion.

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What’s the Significance of Klarna IPO?

Klarna’s IPO suggests a tentative revival in investor appetite for high-growth fintech and crypto firms. Wall Street banks are betting that a renewed appetite for risk and steadier market conditions will draw investors back to the listings market. Klarna’s expansion into the US market highlights the increasing demand for such services, particularly among younger consumers looking for flexible payment options.

Klarna’s debut follows the successful listings of stablecoin issuer Circle and crypto exchange Bullish earlier this year, both of which attracted strong demand. A successful Klarna IPO could indicate renewed investor confidence in high-growth fintech companies, whereas a lacklustre response could suggest apprehension regarding high valuations and regulatory issues within the sector.

Josef Schuster, chief executive of IPO research group IPOX, said: “With the current administration strongly supportive of the space, the (IPO) pipeline is likely to remain active for well-structured, compliance-forward players.”

Although still below previous peaks, Klarna’s $14 billion target signifies a substantial recovery from its low valuation of $6.7 billion in 2022. The CEO’s decision not to sell any shares signals confidence in the company’s long-term prospects. For investors, the current wave offers both opportunity and caution. Klarna’s model depends on the resilience of consumer spending.

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Klarna (KLAR) Stock Price Prediction 2025, 2026 And 2030

Given the growing interest in BNPL sector, Klarna could attract strong demand if it demonstrates robust growth metrics and a clear path to profitability. However, volatility in stocks and regulatory uncertainties may affect its market performance.

Below are data-driven, scenario-based price forecasts for Klarna Group PLC (KLAR) stock that combine the stock’s listing performance, public financials, and broader market dynamics.

Klarna (KLAR) Stock Price Prediction 2025

Following its highly anticipated listing on the U.S. stock exchange, Klarna shares opened at $52, but then dropped in value as the day went on. By the end of the trading day, the company was valued at around $17.3 billion. For the rest of 2025, Klarna’s price trajectory will likely be shaped by investor sentiment toward fintechs, its ability to manage credit losses, and whether its revenue growth accelerates beyond recent levels.

Bullish Scenario: If Klarna demonstrates consistent top-line growth (20-25%+ year-over-year), keeps credit losses in check, and gets favorable margins plus strong acceptance in its banking and payments business, KLAR could reach as high as $60 by year-end. This would assume favorable macro-conditions and limited negative surprises in regulatory or credit markets.

Moderate Scenario: Assuming steady growth, some volatility and average market conditions, and that Klarna continues to report losses but narrows them, a more likely price could average at around $45. In this scenario, the stock could remain close to investor expectations, with momentum but also occasional pullbacks.

Bearish Scenario: if credit losses worsen (e.g. higher consumer defaults), interest rates remain high, or competitive pressure from other BNPL/fintech/credit card providers reduces margins, KLAR could fall towards $30. Negative regulatory developments or weaker macroeconomic sentiment could push the price even lower.

Klarna (KLAR) Stock Price Prediction 2026

As we move into 2026, KLAR’s stock performance will largely depend on execution, including improvements in profitability, expansion of revenue sources, successful international growth and the broader fintech environment.

Bullish Scenario: If Klarna improves its profitability, scales its ecosystem (banking, payments and merchant services) and sees favourable regulation in the BNPL sector, KLAR could trade at around $75 by the end of 2026. This assumes growth in the US and EU markets, as well as stable funding costs.

Moderate Scenario: if improvement is slower, credit losses remain a concern and competition continues, a middle-case projection might be $55. The stock may modestly outperform from 2025 levels, but will not see explosive gains.

Bearish Scenario: if the company fails to improve its margins or if macroeconomic headwinds such as inflation, rate hikes and credit stress intensify, KLAR could fall back to $35 by late 2026. In such a scenario, investor expectations would be dampened and the valuation multiple compressed.

Klarna (KLAR) Stock Price Prediction 2030

Looking ahead to 2030, the long-term value of KLAR stock will depend on Klarna’s transition from growth at all costs to sustainable profitability, its success in diversifying its revenue streams, and how the regulatory and competitive landscapes evolve.

Bullish Scenario: If by 2030 Klarna has become a major global lender/payment platform with durable margins, multiple revenue streams (BNPL, banking, cards, merchant fees), and relatively low credit losses, KLAR could trade at a peak price of $100. This would require strong CAGR in revenue (30-40%), effective cost discipline, and favorable market share in key geographies.

Moderate Scenario: For a more conservative outlook, if Klarna grows steadily but faces ongoing margin compression, regulatory cost, and moderate credit risk, the KLAR stock is predicted to be traded at an average price of $75 by 2030. The stock would thus offer solid returns over a 5-year horizon but not exponential growth.

Bearish Scenario: If fintech competition intensifies, interest rates remain high, consumer credit weakens, or regulatory / legal constraints tighten (especially around BNPL and consumer debt), then KLAR could dip to a minimum price level of $50 by 2030.

The table below summarizes our price projections for the Klarna (KLAR) stock price in 2025, 2026 and 2030.

Year	Low Case	Base Case	Bull Case
2025	$30	$45	$60
2026	$35	$55	$75
2030	$50	$75	$100

Note: These are not investment recommendations — they are structured outlooks that identify key upside drivers and downside risks you should monitor.

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Should You Buy KLAR Stock After IPO?

Investing in Klarna after its IPO requires careful consideration of its growth potential and the risks involved. On a positive note, Klarna operates in a high-growth industry where alternative payment methods are becoming increasingly popular. Its strong brand recognition and extensive merchant network give it a competitive advantage.

However, potential investors must be aware of risks such as:

Regulatory changes targeting BNPL services
Increasing competition from tech giants and banks
Credit risk associated with consumer lending
Volatility in growth stock valuations

It may be prudent to wait for the initial post-IPO volatility to settle and for the company to release several quarterly earnings reports. It will be critical to assess management’s execution of profitability goals and strategic initiatives before making an investment decision.

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Conclusion

Klarna’s upcoming debut on the New York Stock Exchange (NYSE) is one of the most highly anticipated fintech listings of 2025. With a valuation that is still a fraction of its 2021 peak, but significantly higher than its lowest point, the company is striking a balance between potential and caution. Initial trading could reflect strong demand or highlight ongoing uncertainties. Investors must carefully consider Klarna’s strategic expansion, current financial health and the evolving BNPL landscape before investing in KLAR post-IPO.

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FAQs About Klarna IPO

What is the Listing Date of KLAR Stock?

The KLAR stock is listed on Friday, September 10.

What was the IPO Price of KLAR Stock?

Klarna’s underwriters priced the company’s shares at $40, above the expected range of $35 to $37 apiece.

What factors can influence Klarna’s Stock Price?

Factors include market conditions, regulatory developments, institutional adoption, platform expansion, and technological advancements.

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