Clerna sold 34.3 million shares to $ 40 share to investors late Tuesday night. It is above the forecast of to 35 to $ 37 and costs the company more than $ 15 billion. The stock is expected to start a trading once the first batch of NYSE trades is capable of starting.
Callenna’s IPO, about $ 37 is the largest IPO this year, the amount of money collected this year. It is noteworthy because 2025 has been one of the busy years for companies going public.
Other IPOs this year includes Figma and Circle Internet Group, which issues USDC Stablecoin. Investors are also waiting for the Ticket Exchange Stubhub and Cryptocurrency Exchange Gemini to enter the expected market, owned by the majority of Winklevos twins.
Established as a payment company in 2005, Clarna’s partnership of the Department Store Operator Puretor Messi in the partnership of the US in 2015. Buy-now-pagan-Bad entered the market. Since then, Clarnna has expanded up to hundreds of thousands of merchants and embedded itself in Internet browsers and digital V Lets Let’s as an alternative to credit cards. The company recently announced a partnership with Walmart.
The company will trade under the “Clar” symbol. While Clarnie was founded in Sweden and is a popular payment service in Europe, company officials said they were a sign that Clern’s future growth opportunities were with the American shopkeeper. The decision was made to go public.
“It is the largest consumer market in the world, and it is the largest credit card market in the world,” said CEO and co-founder Sebastian Simiatkovsky in front of the IPO. It is a tremendous opportunity from our point of view.
Over the years and in multiple interviews, Simiatkowski has made it clear that Clarna wants to steal customers from large credit card companies and view credit cards as a high-rate, absorbent product that consumers rarely use.
The most popular product of Klarna is one known as the “Pay -in -4” scheme, where the customer can distribute the purchase in four payments spread over six weeks. The company also offers a long -term payment plan where it takes interest. Professional Model Dell is caught globally, especially among customers who are hesitant to use credit cards. The company said that 111 million customers worldwide have used Clarnies.
Clerna and other by-to-pay companies have increased the public interest in recent years as the business model has been caught. State and federal regulators, as well as consumer groups, have expressed some concerns that as consumers can be financially affected by credit cards as much as possible on purchasing-six-pay-loans loans.
Simiatkovsky says company consumers are actively monitoring how their products use, and the average balance of the user’s user’s balance is less than $ 100. Because the company issues a loan for six weeks or less, Clarna argues that it can adjust its underwriting standard more easily based on economic conditions.
Clarnna recorded the second quarter of $ 823 million in August before leaving for public, saying that Million had a profit of 29 million. The offense rate on Clarna’s “pay -in -4” loan is 0.89% and on its long -term loan for large purchases, the crime rate is 2.23%. Those statistics are below the average 30-day offense rates on credit card.
Clerna will now be the second largest buy-by-pay-letter company by market capitalization. The stocks of confirmed so far this year have increased by more than 40%, keeping the company’s value around $ 28 billion, helping with the belief between investors that purchased-pay-to-back companies can take market shares from traditional banks and credit cards. The confirmation fell a little on Wednesday.
JP Morgan Chase and Goldum Sachs were SSS for the IPO.
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