Klarna’s IPO pops, raising $1.4B, with Sequoia as the biggest winner

It was a long road for Fintech Clarsa, a 20 -year -old To make it an IPOThe However on Wednesday, the company has successfully landed on the New York Stock Exchange Raised $ 1.4 BillionBasically it is for investors than themselves.

The Fintec Giants sold its declared range over $ 35 to $ 37 for $ 40 and came out of the gate with $ 15 billion evaluation. The shares are popped up, opened at $ 52, though about $ 46 quickly settled in the mid-day.

The company sold only 1 million out of 1.5 million shares sold by Clarsa, It saysThe The rest were sold by the company’s largest shareholder Sikoia Capital, by existing investors. Dutch Billionaire Anders Holch Povalsen, Silver Lake, Blackrock and many others have also sold companies. Despite some shares in cash, they all hold most of them.

The Figure IPO did the same. Yet Often these existing investors do not want to sell at IPO pricesA VC told TechCrunch. They are kicking in shares to help the company to meet the IPO demand. More shares help to evaluate the floating company more accurate and highly higher, outside the gate because it helps the IPO to attract the largest institutional investors who do not disturb the IPO for a small allotment.

Co-founder CEO Sebastian Simiatkovsky did not sell any shares in the Clara case. The price of $ 40 at the IPO sales price was its share value of $ 1.02 billion and he controlled about 7.5% of the company.

Victor Jacobson, Co-founder who left the company in 2002Sold but had a bit bigger shareholder and still was. He has made cash in 1.1 million shares and still holds more than 8% of the company.

Co-founder Niclas Adalberth is still below only 3 million shares, ClearThe

Sikoia is the largest investor in Clarna so far, about 23% control the company. The renowned VC Michael Mortaz wrote the first check for Sikoiya in the 27th, and Clara’s chairperson was still left in Sikoia in 2021. Sikoiya has added to another member On the Clarner Board. When Seicoyer Andrew Reid joined his board in 2024, it finally picked it up.

“This moment feels altru,” “Simiatkovsky CommentThe “When we started returning to Clarsa in 20, it was just a weaver – I, Niklas and Victor, were trying to smooth the shopping and money for the people we had left and right, and we laughed more than counting my count.”

He also said, “Going to the public in New York is huge. It’s not just a milestone; it’s a statement. It is proof that Stockholm’s stubborn visionary can take the world to the world – and may win.”

The funny thing is, though, is not $ 1.4 billion records for the largest IPO of 2025 that is still in the hands of the Corewave, Which has raised $ 1.5 billion in JuneThe