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Klarna raises $1.37 billion in US IPO, boosting fintech hopefuls

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Klarna raises .37 billion in US IPO, boosting fintech hopefuls


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Reuters

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September 10, 2025

Buy-now, pay-later lender Klarna raised $1.37 billion in its U.S. initial public offering, two sources familiar with the matter told Reuters on Tuesday, setting the stage for a market debut that could set the trend for high-growth fintech listings.

Reuters

The Sequoia Capital-backed Swedish company and some of its existing investors sold 34.3 million shares at $40 each above the targeted range of $35 to $37.

The IPO values Klarna at $15.11 billion, a significant step down from the more than $45 billion valuation it notched in 2021 after a rapid ascent as a BNPL leader.

Its valuation dropped to $6.7 billion in 2022 amid rising interest rates and inflation.

Klarna is headlining companies ranging from crypto to consumer that are aiming to go public in New York this week, as a rallying stock market and blockbuster debuts ease tariff worries and rekindle investor interest in IPOs.

The company, which has been planning a New York listing for years, paused its efforts in April as sweeping U.S. tariffs on its trading partners resulted in choppy global markets.

Founded in 2005, Klarna was profitable until its U.S. expansion in 2019, just ahead of the online shopping boom sparked by the COVID-19 pandemic.

While its user count and gross merchandise value continue to expand in double digits, profitability remains a challenge.

Losses widened to $52 million in the quarter ended June 30 from $7 million a year ago, while revenue rose to $823 million from $682 million.

“While the market is open again to fintech listings, companies will be judged quickly on their ability to balance growth with profitability in a tougher macro backdrop,” said Rudy Yang, senior analyst at PitchBook.

The company also operates as a digital-first neobank. Peer Chime’s shares popped 59% in its Nasdaq debut in June, although they trade below the issue price, as of last close.

However, analysts said Klarna’s brand power might help secure its footing among fintechs.

“The sector is highly competitive and rapidly evolving, and brand recognition, where Klarna remains strong, is often as critical as (the) business model,” said Kat Liu, vice president at IPO research firm IPOX.

U.S. consumer spending has held up despite sticky inflation, labor market cracks, and slowing income growth.

Alternative payments services such as Klarna, which ease the immediate financial burden by allowing shoppers to split purchases into smaller, interest-free installments over weeks or months, have witnessed stable demand.

For the 12 months ended June 30, Klarna earned 75% of its revenue from transaction and service-based fees – the majority of which came from merchants on its network – the lowest as a share of total revenue for the same period since 2022.

The share of interest income in this period rose to 25%.
“Since Klarna’s BNPL model depends on both transaction volume and repayment rates, lower spending reduces merchant fee capture while also raising the risk of credit losses,” Liu said.

Goldman Sachs, J.P.Morgan, and Morgan Stanley are the joint book-running managers. Klarna will start trading on the New York Stock Exchange under the symbol “KLAR” on Wednesday.

© Thomson Reuters 2025 All rights reserved.



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Sluggish demand weighs on Mumbai cotton yarn, Tiruppur holds firm

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Sluggish demand weighs on Mumbai cotton yarn, Tiruppur holds firm



In Mumbai, cotton yarn prices dropped by ****;** per kg for coarse counts, while finer counts stayed stable. A Mumbai trader told Fibre*Fashion, “Consumers and traders are avoiding stocking up as the new cotton crop is about to enter the market. Duty-free cotton imports this year will also keep prices under pressure. Buyers are purchasing yarn only for immediate requirements.”

In Mumbai, ** carded yarn of warp and weft varieties were traded at ****;*,****,*** (~$**.****.**) and ****;*,****,*** per * kg (~$**.****.**) (excluding GST), respectively. Other prices include ** combed warp at ****;****** (~$*.***.**) per kg, ** carded weft at ****;*,****,*** (~$**.****.**) per *.* kg, **/** carded warp at ****;****** (~$*.***.**) per kg, **/** carded warp at ****;****** (~$*.***.**) per kg and **/** combed warp at ****;****** (~$*.***.**) per kg, according to trade sources.



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Emtec to showcase TSA Tactile Sensation Analyzer at ITMA ASIA + CITME

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Emtec to showcase TSA Tactile Sensation Analyzer at ITMA ASIA + CITME



emtec Electronic GmbH introduces a new era in textile feel simulation at China’s most important textile event. The key benefit: TSA and Virtual Haptic Library improve the communication along the supply chain by providing a clear terminology and objective targets for the different haptic quality parameters. This helps companies to reduce costs, accelerate decision-making, and minimize their environmental footprint by decreasing the number of physical samples needed.

At ITMA ASIA + CITME 2025 in Singapore, Emtec Electronic GmbH will showcase its TSA and cloud-based Virtual Haptic Library, enabling digital fabric feel simulation to cut costs, speed decisions, and reduce samples.
Marking its 30th anniversary, emtec highlights its shift into textiles and invites visitors to booth H3-B303 for live testing and demonstrations.

In the cloud-based Virtual Haptic Library the test results can be digitized for further processing. This digital platform links TSA data to realistic, virtual haptic profiles, allowing users the impression of how fabrics feel – without physical samples. This digital platform links TSA data to realistic, virtual haptic profiles, allowing users to feel fabrics digitally – without physical samples. This helps companies to reduce costs, accelerate decision-making, and minimize their environmental footprint by decreasing the number of physical samples needed.

2025 marks a special milestone for emtec Electronic: the company celebrates its 30th anniversary. Since 1995, emtec has been dedicated to developing innovative testing solutions that combine precision, efficiency, and ease of use – a commitment that continues to drive its success and partnerships worldwide. “The ITMA is the perfect stage to demonstrate how far our solutions have come – and to show our partners and customers what the future of objective hand-feel analysis will look like.” says Giselher Gruener, Managing Director of emtec Electronic. “With our long-standing expertise in the paper industry, we are now setting a clear focus on establishing ourselves in the textile sector.”

From 28 – 31 October 2025 Markus Amthor from emtec’s Global Business Development will be available on-site, supported by the company’s regional sales partner in China, James Xiang from RoacheLab (Asia) Co., Ltd. Visitors of the ITMA ASIA + CITME are warmly invited to bring their own textile samples to the booth H3-B303 for live testing and direct discussion of results. 

Visit the emtec team in Singapore to discover how their tactile analysis solutions can optimize the product development and streamline communication with customers and partners across the globe.                     

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (HU)



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Christian Louboutin Beauty to open Fétiche fragrance pop-up in NYC

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Christian Louboutin Beauty to open Fétiche fragrance pop-up in NYC


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September 10, 2025

Christian Louboutin Beauty is set to open an immersive NYC pop-up in the heart of Soho, dedicated to its Fétiche fragrance collection. 

Christian Louboutin Beauty to open Fétiche fragrance pop-up in NYC. – Christian Louboutin Beauty

Designed by Wild Buzz Agency, the temporary space offers visitors a sensory journey that brings the brand’s olfactory world to life. The event is free and open to the public from Friday, September 12 to Sunday, September 14 at 21 Spring Street. 

Notably, the Fétiche collection will be on display, featuring signature scents such as Cuir Fétiche, Ambre Fétiche, Ébène Fétiche, Iris Fétiche and Encens Fétiche, joined by three new scents: Rose Fétiche, Santal Fétiche and Lavande Fétiche. 

Each fragrance is meant to embody an attitude and emotion, much like a pair of Christian Louboutin stilettos, encouraging wearers to express their individuality and unique presence in the world.

Christian Louboutin Beauty launched in 2014 with nail polish before expanding into fragrances, lipsticks, foundations, eyeshadows, mascaras, liners and brushes. Now, the Fétiche pop-up offers a new way to explore the brand’s vision of beauty.

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