Chrysalis jumps after keeping stake in Klarna post-IPO
By Frank Prenesti
Date: Wednesday 10 Sep 2025
(Sharecast News) - Shares in Chrysalis Investments jumped as the trust retained its stake in Swedish payments firm Klarna, which launched its US IPO on Wednesday.
The company revealed it had retained its 4.2 million share stake in Klarna - which raised more than $1bn, as its long-awaited US initial public offering got underway.
"The investment adviser believes Klarna is well-positioned to benefit from attractive growth prospects over the medium-term. In line with other major Klarna shareholders, the company's shareholding in Klarna is subject to a customary lock-up period of six months from IPO," the company said.
The Swedish fintech, which opted to listed in New York, is understood to have sold 34.3m shares at $40 per share, above the targeted range of between $35 and $37.
The sale is understood to have raised a total of $1.37bn and valued Klarna at just over $15bn. Chrysalis said its assessed market valuation of Klarna as at 30 June 2025 was approximately $16.6bn, valuing its stake at £137m.
It first invested in Klarna in August 2019 at a valuation of $5.5bn. Chrysalis said its blended entry price across three rounds of investment was aroun $25.60 a share, representing a money multiple of approximately 1.6x (unrealised) at Klarna's IPO valuation.
Reporting by Frank Prenesti for Sharecast.com
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