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How to buy Klarna stock when it goes public

Here's everything we know so far about the Klarna IPO.

Klarna, a buy now, pay later e-commerce fintech company, is expected to conduct an initial public offering.

There's no news yet about how much the stock will cost when it goes public. No date has been set for when the stock will be publicly available.

What we know about the Klarna IPO

The buy now, pay later e-commerce giant Klarna is expected to go public. It has not yet filed a viewable form S-1 with the US Securities and Exchange Commission. But we'll update this page as information as it becomes available.

Klarna is a Swedish fintech company that lets customers purchase products from major retailers and then pay for those items in four zero-interest payments. As of December 2020, it has reached more than 11 million customers in the US.

It partners with major brands such as Macy’s, Adidas and Sephora.

On March 1, the company announced a new funding round had raised $1 billion and valued the company at $31 billion, Bloomberg reported.

According to its website, Klarna is the most highly valued fintech company in Europe and the fourth-highest in the world.

Klarna is among the latest buy now, pay later companies to emerge. Affirm, one of its competitors, announced in late December that it plans to postpone its IPO until January 2021.

How to buy shares in Klarna when it goes public

Once Klarna goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

What we know about Klarna’s balance sheet

Officially known as Klarna Bank, this alternative to credit card issuers now has more than 190,000 merchant partners worldwide.

In the quarter ending September 2020, the company reported net operating income growth of $742 million, a 37% increase from the previous period. The quarter has other highlights as well.

  • 160% growth in year-over-year mobile app downloads and 2 million monthly active app users by the end of October
  • 21 million new customers worldwide
  • 57,000 new retail partners including Etsy, Ralph Lauren and Express.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Klarna can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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