NEW YORK (AP) — Shares of Swedish buy now, pay later company Klarna jumped sharply in its highly anticipated public debut on the New York Stock Exchange on Wednesday, the latest in a run of high-profile initial public offerings this year.

Klarna stock opened at $52 a share, a 30% premium to the company's $40 pricing late Tuesday. It took roughly three-and-a-half hours for the specialists on the floor of the NYSE to manually price the first batch of trades of the company.

More than 34 million shares worth approximately $1.37 billion were sold to investors, making it the largest IPO this year, according to Renaissance Capital. That's notable because 2025 has been one of the busier years for companies going public.

Other notable IPOs this year include the design software company Figma and

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