Chrysalis Investments Limited (CHRY): Klarna IPO lock-up
This situation live
CHRY Chrysalis Investments Limited
4 Nov 2025 · Listed on NYSE; holding shares under lock-up · −4% until the next step
The Company is subject to a customary six-month lock-up period from IPO.
19 Dec 2025 · Listed on NYSE; six-month lock-up running · −9% until the next step
The Company's Klarna shares are subject to a six-month lock-up period, with trading eligibility commencing in March 2026.
30 Jan 2026 · Lock-up running; disposal advice being taken · −22% until the next step
The Company's holding in Klarna's listed securities is subject to a lock up until March 9th 2026.
5 May 2026 · Klarna stake marked down to £41.8m · −6% until the next step
Klarna's share price declined by 56% over the period which was driven by various factors.
30 Jun 2026 · Partial sale done; residual holding $75.6m · −4% until the next step
partially realised its investment in Klarna Group plc for proceeds of $8.9 million at a price of $17.73 per share (31 March 2026: $13.09 per share) leaving a residual holding with a value of $75.6 mil
3 Aug 2026 · Further Klarna sales funding working capital · −3% until the next step
To fund working capital requirements, post period end the Company realised a portion of its holding in Klarna, generating proceeds of $8.0 million, at an average price of $18.66 per share.
28 Sep 2026 · Entire remaining Klarna stake sold · −11% since
Chrysalis Investments Limited has completed the sale of its entire remaining shareholding in Klarna Group plc ("Klarna") for aggregate cash consideration of approximately £34 million (the "Disposal")
Klarna IPO lock-up
Entire remaining Klarna stake sold
Every step · 7
- 4 Nov 2025 Listed on NYSE; holding shares under lock-up – The Company is subject to a customary six-month lock-up period from IPO. ↗
- 19 Dec 2025 Listed on NYSE; six-month lock-up running – The Company's Klarna shares are subject to a six-month lock-up period, with trading eligibility commencing in March 2026. ↗
- 30 Jan 2026 Lock-up running; disposal advice being taken – The Company's holding in Klarna's listed securities is subject to a lock up until March 9th 2026. ↗
- 5 May 2026 Klarna stake marked down to £41.8m – Klarna's share price declined by 56% over the period which was driven by various factors. ↗
- 30 Jun 2026 Partial sale done; residual holding $75.6m – partially realised its investment in Klarna Group plc for proceeds of $8.9 million at a price of $17.73 per share (31 March 2026: $13.09 per share) leaving... ↗
- 3 Aug 2026 Further Klarna sales funding working capital – To fund working capital requirements, post period end the Company realised a portion of its holding in Klarna, generating proceeds of $8.0 million, at an... ↗
- 28 Sep 2026 Entire remaining Klarna stake sold – Chrysalis Investments Limited has completed the sale of its entire remaining shareholding in Klarna Group plc ("Klarna") for aggregate cash consideration of... ↗
What is happening
Chrysalis Investments Limited: Klarna IPO lock-up – Entire remaining Klarna stake sold. ['Entire remaining Klarna stake sold']
- In short
- Chrysalis held Klarna shares from the IPO and took disposal advice from November 2025. It part-sold in June 2026 to repay Barclays and sold a further $8.0m after the half-year for working capital. On 28 September 2026 it completed the sale of its entire remaining stake for about £34m, ending the overhang.
- Announced
- 4 Nov 2025 · Listed on NYSE; holding shares under lock-up
- Latest
- 28 Sep 2026 · Entire remaining Klarna stake sold
- Partial sale
- $8.9 million proceeds at $17.73 per share, to fund Barclays repayment (announced 30 June 2026)
- Residual holding
- $75.6 million at close of trading on 26 June 2026
- Part-sale
- About £6.6m at circa $17.73 a share in the quarter, used for debt repayment
- Post-period sale
- $8.0 million at an average $18.66 a share, for working capital
- Next milestone
- Klarna Q2 results due 18 August 2026
- Proceeds
- About £34m aggregate cash for the remaining Klarna stake, announced 28 September 2026
- Earlier sale
- £6 million of shares disposed of in July 2026, as previously announced
- Use of money
- About £25m returned via capital redemption; about £9m retained as buffer and follow-on capital
From the company's own announcements. Not investment advice.
Briefing
Chrysalis Investments Limited in 4 minutes
Chrysalis Investments is a listed fund that owns stakes in fast-growing technology companies, led by Starling Bank, Smart Pension and Klarna. After two years of share buybacks, it is now selling its whole portfolio...
- Act 1A 54% discount and a plan to shrink it
- Act 2Selling winners to buy back shares
- Act 3Shareholders ask for a way out
Also at Chrysalis Investments Limited 1 open
Disposal of a part (break-up)Shareholder consultation and structural review – First compulsory redemption announced; realisation under way
Capital returnBuyback programme – paid · closed
Chrysalis Investments Limited – company page →