Klarna’s Post-IPO Lockup Period Expires for Early Investors

Some 335 million Klarna Group Plc shares became eligible for trading Monday after the company’s post-IPO lockup period expired, even as the fintech’s lack of near-term profitability continued to put the spotlight on the plunge in its valuation.

Just before the restricted shares — accounting for 90% of the total — were about to hit the market, Klarna sought to ease concerns over a selloff that’s seen its market value shrink almost two-thirds since the September initial public offering. In a statement on March 7, it reassured investors saying no major shareholder had filed with the US Securities and Exchange Commission about any impending sale.