Bobo Public IPO KLARNA, raised $ 1.4 billion, with Sikoya as the largest winner

It was a 20 -year -old long way To make it to the public subscription. But on Wednesday, the company succeeded in obtaining the New York Stock Exchange, with its presence A collection of $ 1.4 billionLargely for its current investors, not itself.

Fintech Giant sold shares at $ 40, higher than the declared scope for $ 35 to $ 37, and came out of the gate with a value of $ 15 billion. The stocks emerged, opened at $ 52, despite stabilizing quickly to about $ 46 in the middle of the day.

Of the 34.3 million shares, KLARNA was sold, only 5 million were sold by the company, He said. The rest has been sold by current investors, such as the largest shareholder in the company, Sequoia Capital. The entities controlled by the Dutch billionaire Anders Holsh Bovesen, Silver Lake, Black Rock, and other others. Although some shares are disbursed, all of them adhere to the majority of their shares.

The act of public subscription is similar. yet, Often these current investors do not want to sell at the public subscription priceTell VC Techcrunch. They kick the stocks to help the company meet the subscription demand. More shares help get a more accurate, and possibly higher assessment, outside the gate as it helps the public subscription to attract the largest institutional investors who will not bother the public subscription for a small customization.

In the Clarna case, the CEO of Klarna Seebastian Siemiatkowski did not sell any shares. The value of its share was $ 1.02 billion at the public subscription sale price of $ 40 and controls about 7.5 % of the company.

Victor Jacobson, The co -founder who left the company in 2012He did not sell but was, and still, a slightly larger contributor. Output from 1.1 million shares and still maintains more than 8 % of the company.

The co -founder, Niklas Adalth, still owns just less than 3 million shares, Clarna revealed.

Sequoia is to a large extent the largest investor in Klarna, and controls nearly 23 % of the company. Famous Michael Moritz wrote Michael Moritz the first check on behalf of Sekoya in 2010, and he remained as President of Clarna even after leaving Sikoya in 2023. Seikoya added another member To the KLARNA panel. But she eventually finished when Andrew Reed joined Sikoya in 2024.

“The moment you feel surreal,” Simiakovsky Common in the published notes. “When we started in 2005, it was just a ground idea – I, Niklas, and Victor, floundering around it, trying to make shopping and payments smooth for people. We rejected the left and the right, laughed more times than I could rely on it. But we continued.”

He continued: “A public proposal in New York is huge. It is not just a teacher, it is a statement. It is evidence that a handful of stubborn dreamers from Stockholm can take the world – and win.”

Interestingly, although $ 1.4 billion is not the record for the largest public subscription in 2025. Which raised $ 1.5 billion in June.