Klana debuted on the New York Stock Exchange with shares on the first day of stock trading by 15% | Luck
Klana debuted on the New York Stock Exchange with the shares of the Swedish purchase of Now, Pay later the company increased by almost 15%, the latest in the high -ranking initial public offer this year.
Shares Klana opened for $ 52 per share on Wednesday, which is 30% of the bonus for the price of $ 40. It took about three and a half hours for a specialist on the floor to manually set the first dose of the company. The shares rose up to $ 57 before they lost any momentum and ended up to $ 45.82, which is 14.6%.
According to Renaissance Capital, more than 34 million shares worth approximately $ 1.37 billion have been sold this year, making it a large IPO. This is remarkable because 2025 was one of the busier years for public companies.
This year’s remarkable IPO includes Design Software Company Figma and Circle Internet Group, which releases USDC Stablecoin. Investors are also looking forward to debuts Expedted Market Debuts of Ticket Exchange Stubhub and Cryptocurrency Exchange Gemini, most owned by the Winklevoss twins.
Klana was founded in 2005 as a payment company and, in cooperation with the Macy’s department store, joined the US Buy-Now-Pay-Luer market. Since then, Klana has expanded to Hungs on thousands of merchants and has built into internet browsers and digital wallets as an alternative to credit cards. The company recently announced a partnership with Walmart.
The company will trade under the symbol “Klar”. While Klana was founded in Sweden and is a popular payment service in Europe, the company’s executives said they have decided to publish in the US as a signal that there will be future opportunities to grow with American shoppers.
“It’s a big consumer market in the world and it’s the largest credit card market in the world. It’s a huge opportunity, from our point of view,” said CEO and co -founder Sebastian Siemiatkowski in an interview with Associated Press ahead of IPO.
Over the years and in more interviews, Siemiatkowski explained that Klana wants to steal customers from large credit cards and credit cards as a tall, exploitative product that consumers rarely.
The most popular KLRAN product is what is called the “Pay-In-4” plan, where the customer can divide the purchase of oven payments spread over six weekends. The company also offers a longer -term payment plan in which it charges interest. The business model has been captured worldwide, especially among consumers who read to use credit cards. The company said that 111 million consumers worldwide used Klana.
KLRÁN and other companies on shopping-on-pay-later have been attractive in recent years because they have captured the business model. State and federal regulators, as well as consumer groups, express a certain degree of concern that consumers can financially expand for loans to purchase new payments as well as credit cards.
Siemiatkowski says that the company actively monitors how consumers use their products, and the average balance of KLRN is less than $ 100.
When Klana published, its co -founders are now billionaires. For IPO Klana of $ 40, a 7% share of Siemiatkowski has approximately $ 1 billion in the company, while Victor Jacobsson, who left the company in 2012, owns a 8.4% stake in the company currently worth $ 1.3 billion. Siemiatkowski said he did not sell shares within the IPO.
But with Klarn’s 20-year incubation period before publishing and several fundraising rounds, the main parts of Silicon Valley walk with a nice return for their patience. The Sequoia Capital, a compositional company with a risk capital that was soon supporter in society, has accumulated 21% of ownership in a clarifying of about $ 3.15 billion. Silver Lake, another main company VC, owns about 4.5% of the company.
In August, Klana reported income in the second quarter of $ 823 million before publishing and a modified profit of $ 29 million. The rate of delinquency for loans “Pay-in-4” Klana is 0.89% and on its long-term loans for larger purchases, the delinquency rate is 2.23%. These numbers are below the average 30 -day rate of delinquency on the credit card.
KLRNA will now be the second large company with capitalization for shopping-on-pay, which is founded as Affirm. Affir shares have increased more than 40%this year this year, which increases the value of around $ 28 billion, which has helped the faith among investors that buying companies with the payday of Now-Pay can take away from traditional banks and credit cards. Affir fell slightly on Wednesday.
The Klarn’s primary subscribers for IPO were JPMorgan Chase and Goldman Sachs.
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