Klarna files for NYSE IPO with Goldman Sachs leading the syndicate

Klarna filed paperwork with the US Securities and Exchange Commission to list on the New York Stock Exchange, the Swedish buy-now-pay-later company confirmed in a registration statement reviewed by IPOCalendar.

The filing names Goldman Sachs as lead-left bookrunner, with J.P. Morgan and Morgan Stanley joining as additional bookrunners. Latham & Watkins is acting as issuer counsel and EY as auditor.

What changed

Klarna's filing makes formal what had been reported throughout the first quarter: that the company would seek a US listing rather than a European one. The S-1 lists a price range of $35–$39 and proposes selling 60 million shares, implying gross proceeds of just over $2 billion at the midpoint. The proposed ticker is KLAR.

Why it matters

Klarna is the largest European fintech to file for a US listing in this cycle and arrives at a moment when investors have been selectively rewarding profitable fintech businesses. The filing follows a long restructuring under CEO Sebastian Siemiatkowski, who has spent two years cutting costs and pulling the company toward GAAP profitability.

The NYSE listing also positions Klarna alongside US payments comparables — most obviously Stripe, which has been the subject of recurring IPO speculation but has not filed.

What's next

The SEC's review process typically takes several weeks, with the company likely to file one or more amendments before a final pricing window in late May. We will update this article and our Klarna company page as new filings appear.

Related guide: What is an IPO? · Bookbuilding explained