IPO Market Surges with $4 Billion Rebound as Klarna and Figure Lead the Charge
NEW YORK – The initial public offering (IPO) market is experiencing a meaningful rebound, fueled by pent-up demand and recent successful listings, with approximately $4 billion raised in the first half of September. This marks a substantial advancement after a prolonged period of sluggish activity, signaling renewed investor confidence in the market.
the resurgence is largely driven by the highly anticipated ipos of prominent FinTech companies like Klarna and Figure. Klarna’s listing is being hailed as the “biggest FinTech listing of 2025 and a landmark moment” for the Buy Now, Pay Later (BNPL) sector, according to PYMNTS. Meanwhile, figure’s IPO raised approximately $787 million, demonstrating strong investor interest in blockchain-based financial technologies.
This activity underscores a broader shift in the financial landscape, with BNPL becoming increasingly mainstream. PYMNTS data reveals that 128 million American adults have utilized a pay-later product within the last 12 months,prompting industry experts to advise businesses to integrate BNPL as a ”primary tender.”
Todd Stevens, chief capital officer for Figure, stated the positive momentum from his company’s IPO “tells us that investors are very interested in this possibly being a pivotal moment around companies adopting these types of technologies and really driving toward the future of capital markets… and how assets travel from buyer to seller.” He further emphasized Figure’s commitment to blockchain technology,stating,”All we’re saying is our preferred method – and we think the market’s coming along with this – is to do this across a blockchain rail.”
