Following Klarna’s impressive $17 billion IPO debut on the New York Stock Exchange, all eyes are now on the next wave of fintech firms ready to hit the public markets. Klarna’s shares initially surged 30% before settling 15% higher on day one — a strong signal that Wall Street is once again embracing high-profile fintech listings. Even with a slight pullback to $42.92 by Friday, the stock remains up 7% from its $40 offering price.
The successful debut comes after a long dry spell in tech IPOs and has sparked renewed investor interest in fintechs with solid fundamentals and significant scale. “I think the Klarna IPO would be viewed positively by some of the other scaled-up vendors,” said Gautam Pillai, head of fintech research at British investment bank Peel Hunt.
Other fintechs have also seen strong IPO receptions recently, including stablecoin issuer Circle, trading platform eToro, and crypto exchange Bullish. Most notably, Gemini, the crypto exchange founded by the Winklevoss twins, surged 14% in its Nasdaq debut.
Now, attention is shifting to the next potential listings. While no official announcements have been made, here are five fintech companies that analysts and investors are watching closely:
1. Stripe
The payments giant remains one of the most anticipated IPOs in the tech world. With a reported private valuation of $50 billion+, Stripe has the scale, growth, and global reach that public market investors seek.
2. Revolut
The London-based neobank has rapidly expanded into multiple financial services, including crypto, stock trading, and banking. Despite regulatory hurdles, Revolut’s user base and valuation continue to climb.
3. Chime
The U.S. digital banking platform has grown rapidly by targeting underserved consumers. After delaying its IPO due to market conditions, Chime is now rumored to be eyeing a 2026 debut.
4. Plaid
Known for its data infrastructure that powers much of the U.S. fintech ecosystem, Plaid has long been considered IPO-ready. Its attempted sale to Visa in 2020 (later blocked by regulators) only strengthened its profile.
5. Brex
Focused on corporate cards and financial software for startups, Brex has carved out a niche in business banking. The company’s strong revenue growth could make it a compelling IPO candidate.
As Klarna’s debut energizes the sector, these names could be next in line to ride the wave.
