Klarna, the Swedish fintech, has publicly filed its F-1 prospectus for a U.S. IPO, aiming to raise at least $1 billion at a valuation of $15 billion. Despite no share or price details available yet, there's strong anticipation after the company's previous private valuation recently climbed back to $14.6 billion. Klarna reported a revenue increase to $2.8 billion and a $21 million net profit, rebounding from last year’s losses. CEO Sebastian Siemiatkowski highlighted significant cost savings achieved through their AI system, which has transformed operations and reduced workforce needs.
Klarna aims to raise at least $1 billion at a $15 billion valuation, showing its resilience with reported profits and a promising IPO despite earlier valuation drops.
The company's revenue grew significantly to $2.8 billion in 2024. Klarna’s net profit has made a remarkable turnaround, going from a loss of $244 million in 2023.
CEO Sebastian Siemiatkowski stated that Klarna's in-house AI system has increased efficiency, replacing 700 full-time roles while saving around $40 million annually.
Klarna's IPO has been expected for years, with ambitions fueled partly by a regained valuation and the promise of share pricing details to be revealed soon.
Collection
[
|
...
]