Klarna Set to File for $1 Billion-Plus IPO as Soon as Next Week

4 weeks ago 17

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Katie Roof and Bailey Lipschultz

Wed, Mar 5, 2025, 5:53 PM 2 min read

(Bloomberg) -- Klarna Bank AB is seeking to rise astatine slightest $1 cardinal successful a US archetypal nationalist offering and is acceptable to record publically arsenic soon arsenic adjacent week, according to radical acquainted with the matter.

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The Stockholm-based payments concern aims to terms the IPO successful aboriginal April, the radical said, asking not to beryllium identified arsenic the accusation isn’t public. Klarna is targeting a valuation of much than $15 cardinal successful the New York Stock Exchange listing, the radical said.

Deliberations are ongoing and details of the listing program including timing could inactive change, the radical said. A typical for the institution declined to comment.

Klarna has confidentially filed for an IPO with the US Securities and Exchange Commission, according to a connection successful November. The institution is moving connected the listing with astir 15 banks, led by Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley, Bloomberg News has reported.

Sequoia Capital-backed Klarna’s listing is acceptable to springiness a boost to exertion IPOs, which person been successful a comparative slump aft mounting records for measurement successful 2021. Other fintech companies including Chime Financial Inc. and Zilch Technology Ltd. are considering imaginable first-time stock income this year.

Klarna has seen estimates of its valuation fluctuate wildly successful caller years. The fig reached a precocious of $45.6 cardinal successful a backing circular successful 2021, lone to plunge to $6.7 cardinal successful a circular the pursuing year. Analysts past twelvemonth gave it an implied valuation of astir $14.6 cardinal based connected shareholder Chrysalis Investments Ltd.’s estimation of the worthy of its stake.

Chief Executive Officer Sebastian Siemiatkowski said past period that the firm, known for its bargain now, wage aboriginal offerings, is exploring an enlargement into the cryptocurrency market. He posted “I springiness up” connected social-media level X connected Feb. 8, saying Klarna “will clasp crypto.”

--With assistance from Pablo Mayo Cerqueiro and Swetha Gopinath.