Closing Bell: Klarna Climbs in Debut, Oracle Soars, Synopsis Drops
Sep 10, 2025
Klarna had a spectacular trading debut, soaring 15% amidst a successful IPO that raised $1.37 billion. This signals optimism for future listings. Oracle's stock skyrocketed by 36%, highlighting aggressive growth in the cloud sector that temporarily made co-founder Larry Ellison the richest person in the world. In contrast, Synopsis faced a shocking 40% plunge after warnings about US export restrictions affecting its business in China, showcasing the volatility of the tech market.
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insights INSIGHT
Klarna's Strong IPO Reception
Klarna's IPO demand exceeded expectations, pricing above range and leaving many investors unsubscribed.
The listing raised about $1.37 billion and closed notably above its $40 IPO price.
insights INSIGHT
Oracle Rally Driven By AI Cloud Demand
Oracle surged after giving an aggressive cloud outlook tied to AI demand, fueling a broad tech rally.
The stock's jump briefly made Larry Ellison the world's richest person as AI-related names climbed.
insights INSIGHT
OpenAI Contract Boosts Cloud And Chip Stocks
Reports said OpenAI may buy massive cloud capacity from Oracle, amplifying investor enthusiasm.
Related chip and supplier stocks, like Broadcom, climbed on the spillover demand story.
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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Jess Menton and Lisa Mateo.
- Klarna (KLAR) rose 15% in its trading debut after the company and some of its backers raised $1.37 billion in an initial public offering that signals the market for new listings has room to run. The financial services company’s shares, which rose as much as 43% Wednesday, closed at $45.82 each in New York, above the IPO price of $40 apiece. The double-digit oversubscribed offering priced on Tuesday above the marketed range, and about half of the prospective investors placing orders were left empty handed.
- Oracle (ORCL) shares gained the most since 1992 after the company gave an aggressive outlook for its cloud business, cementing the software maker’s place in the race to support demand for artificial intelligence computing. The stock surged 36% Wednesday in New York, bringing its market valuation to about $933 billion. The rally temporarily turned co-founder Larry Ellison into the world’s richest person, with the tech magnate passing Elon Musk for a few hours. AI-related stocks such as chip developer Nvidia Corp. and Asian suppliers also climbed.
- Synopsis (SNPS) shares suffered their worst single-day decline on record after the company warned that US export restrictions are contributing to a slowdown in China, the largest market for semiconductors. As part of the company’s quarterly report on Tuesday, Chief Executive Officer Sassine Ghazi said that a push to develop its own intellectual property isn’t achieving the desired results — partly because of the China challenges. Ghazi said he would be refocusing resources on other areas and is reducing the company’s headcount by about 10%.
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