US EditionKlarna to Raise as Much as $1.27B
Klarna aims to raise $1.27 billion in a U.S. IPO at a $14 billion valuation, marking a significant recovery from its 2022 low and reflecting growing investor interest in fintech.
- Klarna has revived its U.S. IPO filing on Tuesday to list on the New York Stock Exchange under ticker KLAR, seeking up to $1.27 billion and a $14 billion valuation.
- Earlier this year, Klarna paused its IPO after U.S. tariff announcements caused market volatility, but Adam Hallquist said, `The market is open between now and the end of the year for scaled, well-known, and venture-backed names to go public.`
- Goldman Sachs, J.P. Morgan and Morgan Stanley are leading the offering of 34.3 million shares priced between $35 and $37, with 5.56 million newly issued and the rest sold by existing shareholders.
- Analysts say Klarna's IPO will test investor appetite in the fintech sector, and a successful listing could encourage other fintech firms considering IPOs to pursue public offerings.
- As of June 30, Klarna counted 111 million active consumers and 790,000 merchants, facilitating $112 billion in GMV and generating $3 billion in revenues for the year.
25 Articles
25 Articles
3 reasons why Klarna’s valuation has fallen by nearly 70% from its peak just a few years ago
Klarna went from Europe’s most valuable startup to a lesson in how fast fortunes can change—and now, the long-delayed IPO is finally happening. The Swedish company turned “buy now, pay later,” or BNPL into a global catchphrase and won the hearts of Gen Z along the way. Now it’s preparing to list shares at an estimated $14 billion valuation, but it’s been quite a ride to get there, including a 69% fall from the $45.6 billion perch it once enjoyed…
Klarna seeks $14 billion IPO valuation as it takes on the big banks. But can it turn a profit?
Klarna hasn’t recorded an annual profit since 2018, and has seen its bottom line get hit by its expansion into the U.S. — while rival Affirm has managed better profit performance recently. Article Attribution | Read More at Article Source The post Klarna seeks $14 billion IPO valuation as it takes on the big banks. But can it turn a profit? appeared first on RocketNews.
Fintech startup Klarna aims to raise $1.27B in U.S. IPO with $14B valuation - Tech Startups
Klarna is gearing up for one of the year’s most anticipated listings. The Swedish fintech, best known for pioneering the buy-now-pay-later model, is expected to raise up to $1.27 billion in its New York Stock Exchange debut. The deal would […] The post Fintech startup Klarna aims to raise $1.27B in U.S. IPO with $14B valuation first appeared on Tech Startups.
Payment giant Klarna plans to list on the New York Stock Exchange, the company announced on Tuesday. The offering involves a total of over 34 million shares and the subscription price is expected to land at between $35 and $37, which is slightly higher than expected.
Payment services giant Klarna is on its way to the New York Stock Exchange. But Swedish small savers can't count on getting on the bandwagon early. - The likelihood that small savers will be included is very small, you have to wait until the share is listed, says Nicklas Andersson, savings economist at investment platform Montrose.
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