HomeIndustriesPayment ServicesKlarna IPO: A Risky Bet on Unproven BNPL Model

Klarna IPO: A Risky Bet on Unproven BNPL Model

David Trainer considers Klarna's IPO a high-risk bet for investors, citing an unproven "buy now, pay later" business model, intense competition, and a valuation that's "way out of whack." Trainer believes Klarna's stock price implies unrealistic growth and profitability, similar to that of more established peers like PayPal, which he considers "priced for perfection and then some."

Market On Close

12 Sep 2025

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