An hour after Klarna's CEO and co-founder Sebastian Siemiatkowski rang the bell on Wall Street at 15.30 Swedish time, the stock was traded according to the first indications between 48 and 50 dollars, reported Bloomberg. Then the cheerful signals continued to come during the following hours.
When the first closing was made just after 19 o'clock, it was clear that the price had risen to 52 dollars per share, reports Bloomberg.
The price at Klarna's listing was set at 40 dollars per share. This means that the price increased by 30 percent in the initial trading. After that, it fell back slightly, and at the close, the price stood at just under 46 dollars, 14.6 percent above the introduction price.
News agency AP writes, referring to Renaissance Capital, that the over 34 million Klarna shares listed were sold for around 1.37 billion dollars. This means that Klarna has been responsible for the most profitable listing on the New York Stock Exchange in 2025.
Over-subscribed 25 times
Bloomberg states that the share was over-subscribed 25 times, and half of those who placed pre-orders were left without due to the great interest.
Frida Bratt, savings economist at Nordnet, testifies that the interest among Swedish shareholders is great.
Klarna is the second most net-bought share among our Swedish customers, which says quite a lot since the trading has not been going on for so long. The most net-bought is Atlas Copco and there the trading has been going on all day.
It indicates that there has been a great interest in trading this share. Then what it ends up with, I cannot say so much more about since we do not have so much data yet.
Similar tones were heard from Philip Scholtzé, savings economist at Avanza, earlier on Wednesday afternoon, before trading had begun.
Trading American shares is popular among our customers, and of the American orders we have now, 36 percent are in Klarna. So it's a very great interest, he said to TT at 16.30.
Doubled compared to Spotify
In 2018, another major Swedish tech company was introduced on the New York Stock Exchange - Spotify. Can the interest from Swedish traders be compared then and now?
Then we also looked at how many orders were expected, before it started. There are twice as many on Klarna now, but we had significantly fewer customers then, so it's not a completely fair comparison, said Philip Scholtzé.
