TechCrunch Startup News Klarna revives IPO plans, aims to raise $1.27B, also India’s Offgrid raises $15M to make lithium optional for battery storage
Sep 2, 2025
Klarna and its shareholders are reigniting IPO aspirations, looking to raise $1.27 billion with a valuation reaching $14 billion. The latest share offering includes over 34 million shares priced between $35 and $37. In a game-changing segment, Offgrid Energy Labs announces innovative battery technology to reduce reliance on lithium-ion systems, offering a sustainable alternative for energy storage. These exciting developments underscore a dynamic marketplace focused on growth and innovation.
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Klarna Revives IPO Plans
- Klarna is reviving its IPO with a proposed raise up to $1.27 billion and a valuation up to $14 billion.
- The company will sell ~34.3M shares and receive proceeds from only ~5.6M of them while shareholders offload the rest.
Revenue Growth Amid Valuation Reset
- Klarna grew revenue 54% year-over-year to $823 million while trimming net loss to $53 million, down from $92 million.
- The firm’s valuation fell sharply from $45B in 2021 to about $6.5B during the post-VC boom correction before this IPO attempt.
Hire Top Banks For IPO Stability
- Use experienced underwriters when relaunching a large IPO to stabilize pricing and distribution.
- Klarna enlisted Goldman Sachs, J.P. Morgan, and Morgan Stanley plus several other banks to run the offering.