Latham & Watkins Advises on Klarna’s US$1.37 Billion IPO

Klarna Group plc (Klarna), the global digital bank and flexible payments provider, has announced the pricing of its initial public offering of 34,311,274 ordinary shares, of which 5,000,000 ordinary shares are sold by Klarna and 29,311,274 ordinary shares are sold by certain selling shareholders, at a public offering price of US$40 per ordinary share. In connection with the offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 5,146,691 ordinary shares to cover over-allotments. Klarna will not receive any proceeds from the sale of ordinary shares by the selling shareholders. The ordinary shares are expected to begin trading on the New York Stock Exchange on September 10, 2025, under the symbol “KLAR.”

Latham & Watkins LLP represents the underwriters in the offering with a Capital Markets team led by partners Marc Jaffe, Alison Haggerty, and Jenna Gascoyne, with associates Shawn Quinn and Radley Gillis. Advice was also provided on benefits matters by partner Jay Metz; on US data privacy and cybersecurity matters by partners Antony Kim and Clayton Northouse; on UK data privacy and cybersecurity matters by partner Fiona Maclean; on fintech and payment regulatory matters by partners Parag Patel and Gabriel Lakeman; on intellectual property matters by partners Anthony Klein and Pelin Serpin; on compliance matters by partner Kevin Chambers and counsel Ruchi Gill; and on tax matters by partners Rene de Vera, Aoife McCabe, and Karl Mah.