Klarna Bank AB is preparing to launch an initial public offering (IPO) in the United States, aiming to raise at least $1 billion. Sources familiar with the matter revealed that the Stockholm-based payments company is planning to file publicly as early as next week, with a pricing target set for early April. Klarna is seeking a valuation exceeding $15 billion for its upcoming listing on the New York Stock Exchange, according to these sources, who requested anonymity due to the private nature of the information.
While the plans are still under discussion, and the specifics of the timeline may change, the IPO is expected to move forward in the near future. Klarna’s spokesperson declined to comment on the matter.
The company had already filed confidentially for an IPO with the US Securities and Exchange Commission (SEC) in November. Klarna is working with a consortium of approximately 15 banks, including industry giants Goldman Sachs, JPMorgan Chase, and Morgan Stanley, to assist with the listing, as reported by Bloomberg News.
Klarna’s IPO is anticipated to provide a significant boost to technology sector listings, which have seen a slowdown since the record-breaking IPO activity in 2021. Other fintech companies, such as Chime Financial and Zilch Technology, are also reportedly considering IPOs in the coming months.
Klarna’s valuation has fluctuated dramatically in recent years. The company was valued at $45.6 billion during a funding round in 2021, but this figure dropped to $6.7 billion the following year. More recently, analysts have estimated the company’s worth at approximately $14.6 billion, based on data from shareholder Chrysalis Investments.
In an effort to diversify its offerings, Klarna CEO Sebastian Siemiatkowski announced last month that the company is exploring a move into the cryptocurrency sector. On February 8, he posted a message on social media platform X, stating, “I give up,” and confirming that Klarna would “embrace crypto.”
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