Klarna kickstarts U.S. IPO plans with confidential SEC filing

Date:

Share post:


Swedish buy now, pay later (BNPL) startup Klarna is on its way to becoming a public company. The fintech said on Wednesday that it has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC).

The announcement of the listing, a long time in the making, arrives amid a dearth of initial public offerings (IPOs) in the technology sector. Klarna’s European status only adds more fervor to today’s news.

Founded in 2005, Klarna is one of several players in the BNPL space that enable customers to purchase goods with the promise of interest-free credit. After launching in the U.S. in 2015, Klarna hit a hefty valuation of more than $45 billion by 2021, a figure that swiftly plummeted by 85% to $6.5 billion due to market “corrections”.

However, Klarna’s valuation recently rose to $14.6 billion, according to reports, after one investor increased its stake.

We still don’t know how many shares will be offered, or the price range of the IPO, but today’s announcement paves the way for Klarna to go public likely some time in the first half of 2025.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

WhatsApp rolls out voice message transcripts

WhatsApp announced on Thursday it’s rolling out voice message transcripts. The Meta-owned company says the new feature...

Threads adjusts its algorithm to show you more content from accounts you follow

After several complaints about its algorithm, Threads is finally making changes to surface more content from people...

Spotify tests a video feature for audiobooks as it ramps up video expansion

Spotify is enhancing the audiobook experience for premium users through three new experiments: video clips, author pages,...

Candela brings its P-12 electric ferry to Tahoe and adds another $14M to build more

Electric passenger boat startup Candela has topped off its most recent raise with another $14 million, the...

OneRail’s software helps solve the last-mile delivery problem

Last-mile delivery, the very last step of the delivery process, is a common pain point for companies....

Bill to ban social media use by under-16s arrives in Australia’s parliament

Legislation to ban social media for under 16s has been introduced in the Australian parliament. The country’s...

Lighthouse, an analytics provider for the hospitality sector, lights up with $370M at a $1B valuation

Here is yet one more sign of the travel industry’s noticeable boom: a major growth round for...

DOJ: Google must sell Chrome to end monopoly

The United States Department of Justice argued Wednesday that Google should divest its Chrome browser as part...