Klarna Stock Slips Below IPO Price as Fintech Giant Eyes Rebound in BNPL Boom
Klarna debuted on the NYSE in September 2025, raising $1.37 billion at $40 per share and opening near $52. Shares have since dropped below the IPO price, closing at about $35 on Oct. 17, with a market cap near $25–28 billion. Q2 revenue rose 20% to $823 million, but Klarna posted a $53 million net loss due to one-time charges. Credit defaults remain below 1%, and cash reserves total $10.4 billion.