Fashion
Klarna raises $1.37 billion in US IPO, boosting fintech hopefuls
By
Reuters
Published
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.
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.
The ColorJet Pavilion at ITMA Asia + CITME Singapore was inaugurated by Shri Rohit Kansal, Additional Secretary, Ministry of Textiles, Government of India. The event was graced by the presence of the Ambassador of India to Singapore, Dr. Shilpak Ambule along with several distinguished dignitaries and industry leaders.
Rohit Kansal, Additional Secretary, Ministry of Textiles, inaugurated the ColorJet Pavilion at ITMA Asia Singapore 2025, joined by Indian ambassador Dr. Shilpak Ambule.
He praised India’s textile innovation and ColorJet’s role in sustainability and technology.
ColorJet launched the Fabjet Pro, a wide-format digital printer showcasing eco-conscious, high-performance solutions.
During the inauguration ceremony, Shri Rohit Kansal and other dignitaries delivered impactful speeches highlighting the importance of Indian technology and sustainable practices in textile printing.
During his visit, “Shri Rohit Kansal applauded the remarkable progress of the Indian textile ecosystem, highlighting how the industry has evolved to make a strong mark globally. He emphasized India’s growing contributions across the textile value chain—from spinning and processing to digital printing- reflecting the nation’s technological strength and innovation-driven growth.”
He also commended ColorJet for its outstanding contribution to the Indian textile industry, recognizing the company’s continuous efforts toward advancing technology, promoting sustainability, and positioning India as a leader in digital textile innovation.
“It was an absolute honor to have Shri Rohit Kansal, Additional Secretary, Ministry of Textiles, Government of India, inaugurate the ColorJet Pavilion at ITMA Asia Singapore. His visit and words of encouragement reaffirm our commitment to driving innovation, sustainability, and technological excellence in the textile printing industry. At ColorJet, we take immense pride in representing Indian technology on such a global platform and showcasing how ‘Make in India’ solutions are setting new benchmarks in performance and environmental responsibility” Said Mr. Arun Varshney, Vice President and Business head ColorJet Group
At the event, ColorJet unveiled its latest innovation — the Fabjet Pro, a wide-format digital textile printer that exemplifies the company’s dedication to sustainability, advanced technology, and wider-width productivity. The launch reinforces ColorJet’s vision to deliver eco-conscious, high-performance printing solutions that cater to the evolving needs of the global textile industry.
Visit ColorJet at ITMA Asia Singapore 2025 – Booth H6-D304, Hall 6 | October 28–31, 2025 – to experience live demonstrations, technological innovations, and sustainable textile printing solutions in action.
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)
In ****, the average export price stood at $**.** per kg, compared to $**.** per kg in **** and $**.** per kg in ****, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro. This consistent rise reflects the industry’s ongoing move towards value-added garments such as sportswear, uniforms, and functional apparel, backed by growing investments in automation, digital printing, and sustainable production practices.
According to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>TexPro, the Philippines exported apparel worth $***.*** million during January–July ****, compared to $***.*** million in **** and $***.*** million in ****, marking a two-year contraction from $***.*** million in ****. The decline in shipment values mirrors global demand weakness, tighter inventory management by Western retailers, and a continued shift of basic apparel sourcing to lower-cost ASEAN and South Asian producers.
“Maria Grazia Chiuri is one of the greatest creative talents in fashion today, and I am delighted that she has chosen to return to Fendi to continue expressing her creativity within the LVMH group, after sharing her bold vision of fashion. Surrounded by the Fendi teams and in a city that is dear to her, I am convinced that Maria Grazia will contribute to the artistic renewal and future success of the Maison, while perpetuating its unique heritage,” says Bernard Arnault, Chairman and CEO of LVMH Group.
“I’m thrilled to welcome Maria Grazia into the team. The role of a creative director is no longer to simply design beautiful clothes but to curate a culture and hold a mirror to the world we live in. Her talent and vision will be instrumental in fortifying FENDI’s heritage, shaping the future talent in the house and deepening our commitment to Italian craftsmanship,” states Ramon Ros, FENDI’s Chairman and CEO.
Fendi has appointed Maria Grazia Chiuri as its new chief creative officer.
Returning to the Maison where she began her career, Chiuri will lead its artistic direction while strengthening Italian craftsmanship.
Bernard Arnault and Ramon Ros praised her vision and cultural influence.
Chiuri’s debut collection for Fendi, Fall/Winter 2026–2027, will be presented in Milan next February.
“I return to FENDI with honour and joy, having had the privilege of beginning my career under the guidance of the House’s founders, the five sisters. FENDI has always been a forge of talents and a starting point for many creatives in the industry, thanks to the extraordinary ability of these five women to foster and nurture generations of vision and skill.
I am grateful to Mr. Arnault for entrusting me with the task of helping to write a new chapter in the history of this extraordinary women-founded company,” states Maria Grazia Chiuri, FENDI’s Chief Creative Officer.
Maria Grazia will present her first collection, FENDI Fall/Winter 2026-2027, in Milan next February
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 (RM)
Rohit Kansal inaugurates ColorJet pavilion at ITMA Asia Singapore
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