- Chrysalis Investments Limited NPV
- 10 September 2025 17:33:53
Source: Sharecast
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
