Klarna was the eighth US IPO to raise more than $1bn this year, up from a total of seven in 2024 but far below the 28 plus-$1bn deals in 2021.

“Outcomes have been strong, and if this market backdrop holds, total US IPO volumes are on track to exceed last year,” said Sumit Mukherjee, head of equity capital markets at JPMorgan.

“The pipeline remains robust through September,” he added.

The US market for initial public offerings has exploded back to life with the busiest week for Wall Street listings since a boom four years ago.

Buy now, pay later group Klarna, the Winklevoss twins’ crypto exchange Gemini and Blackstone-backed engineering group Legence were among seven large-cap companies that went public in the US this week, the... See more