Klarna priced its initial public offering at $72 per share Thursday evening, valuing the buy-now-pay-later giant at $78 billion on a fully diluted basis. The offering raised $3.2 billion in primary capital, with existing investors selling an additional $1.8 billion in secondary shares.
The valuation represents a remarkable recovery from Klarna's 2022 down-round at $6.7 billion and validates CEO Sebastian Siemiatkowski's aggressive pivot toward AI-driven cost reduction. The company has posted four consecutive profitable quarters, with net income of $174 million in Q1 2026.