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(Correcting Chrysalis ownership stake and currency, IPO currency) Chrysalis Investments Ltd on Wednesday said it did not sell any shares in Klarna after the online consumer lending firm completed its initial public offering on Tuesday. London-based investor in UK and European firms Chrysalis confirmed its stake in Klarna is around 4.2 million shares, worth approximately £136.9 million at June 30. This represents 15.1% of net asset value. Klarna facilitates installment payments for online purchases. Chrysalis has backed the Stockholm-based firm since 2019, when it was valued at $5.5 billion. This has since multiplied to roughly $16.6 billion, as of June 30. Klarna’s IPO was priced at $40 per share, and the firm expects to join trading in New York on Wednesday. Chrysalis reported three rounds of investment in Klarna over the past years, at a blended entry price of $25.6 per share, representing an unrealised 1.6x money multiple at Klarna’s IPO valuation. The investor noted that it ‘believes Klarna is well-positioned to benefit from attractive growth prospects over the medium-term’ and ‘compares very favourably to listed peers’. Chrysalis was confident based on the Swedish firm’s recent revenue growth and anticipated partnership with fellow financial technology firm Stripe Inc. Looking ahead, Chrysalis said it will continue to consult shareholders on possible changes to its capital allocation policy. The investment firm is advised by Chrysalis Investment Partners LLP. ‘It is clear that consumers are looking for more innovative credit solutions than those offered by incumbents, and we expect this market dynamic to drive significant future growth opportunities for the industry,’ commented Nick Williamson and Richard Watts, managing partners of the investment advisor. ‘Combined with a number of significant relationship agreements that Klarna has signed with major players in the ecommerce and payments industries, we believe the outlook for sustained, robust top-line growth is significant.’ Chrysalis shares rose 2.2% to 123.00p on Wednesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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