Klarna’s Wall Street Debut: A Make-or-Break Moment for Fintech’s Second Act

Swedish fintech Klarna – best known as a “buy now, pay later” (BNPL) pioneer – has officially filed for a U.S. IPO, aiming to list on the NYSE under the ticker KLAR. The company’s registration statement, made public in March 2025, marks one of the most anticipated fintech debuts since the market’s post-2021 chill​. This report analyzes Klarna’s IPO timing, valuation, and strategic motivations, and compares its move with other fintech hopefuls like Stripe, Chime, and Revolut. We also examine the state of the BNPL sector, signs of an IPO market revival, and the regulatory landscape shaping fintech’s future.

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