It was a good distance for 20-year-old fintech clarna to succeed in IPO. But on Wednesday, the company successfully landed on the New York stock exchange, having collected $ 1.4 billionMainly because of their existing investors, not yourself.
Fintech Giant sold shares for USD 40, above the announced range from 35 to 37 USD, and left the gate with a valuation of $ 15 billion. The shares jumped out, opening to $ 52, although quickly settling to around USD 46 in the middle of the day.
Out of 34.3 million shares sold Klarana, only 5 million were sold by the Company, he said. The rest were sold by existing investors, such as the largest shareholders of Sequoia Capital. Entities controlled by the Dutch billionaire Anders Holch Povlsen, Silver Lake, Blackrock and many other sold. Despite the payment of some shares, everyone keeps most of their rates.
IPO Figma did similar things. However, often these existing investors do not wish to sell at an IPO price, said VC TechCrunch. They copy shares to assist the company satisfy the demand for IPO. The flow of more shares helps the company to get a more accurate, and perhaps higher valuation from the gate, because it helps IPO attract the largest institutional investors who wouldn’t be anxious with IPO for little allocation.
In the case of co -founder of Klarary, general director, Sebastian Siematkowski, didn’t sell any shares. His share was price $ 1.02 billion at the IPO $ 40 sales price, and he controls about 7.5% of the company.
Victor Jacobsson, a co -founder who left the company in 2012, sold, but was and is still a barely larger shareholder. He stopped at 1.1 million shares and still stops over 8% of the company.
Co -founder Niklas Adalberth still has almost 3 million shares, Clearly revealed.
Sequoia is by far the largest investor in Klarana, controlling almost 23% of the company. The famous VC Michael Moritz wrote the first monitor control on behalf of Sequoia in 2010 and remained as chairman of Klara, even after leaving Sequoia in 2023. There was a drama when there was a drama, when there was a drama, when the drama occurred Sequoia added one other member to the Clararboard. But ultimately it was tidied up when Andrew Reed of Sequoia joined his board in 2024.
“This moment seems surreal”, Siematkowski made available in published comments. “When we started Klara in 2005, it was only a wild idea – I, Niklas and Victor, burying, trying to shop and pay for people. We rejected left and right, we laughed more than I can count. But we continued.”
He continued: “The audience in New York is huge. This is not only a milestone; this is a statement. This is proof that a group of stubborn dreamers from Stockholm can accept the world – and win.”
Interestingly, $ 1.4 billion is not a record for the largest public offer in 2025. It is still $ 1.5 billion in June.