"The IPO has been a long time coming. Klarna had been one of big winners of the early pandemic era's online shopping boom, reportedly reaching a peak valuation of $45.6 billion in 2021, only to see that figure significantly reduced after stay-at-home restrictions were lifted and the world opened back up again. At its current target price, the company would have a valuation of roughly $14 billion, Reuters reports."
"Earlier this year, Klarna reportedly put its IPO on hold in the wake of economic uncertainty brought on by President Trump's tariff regime. But since then, a number of well-known tech companies have gone public with marked success, including stablecoin issuer Circle Internet Group, design software startup Figma, and crypto exchange Bullish. Despite those and other listings making headlines over the last few months, the global tech IPO market has remained muted."
"Klarna Group, the Swedish fintech startup known for its popular buy now, pay later services, has reveled the target share price for its long-awaited initial public offering (IPO). Founded in 2005, Klarna said it generated revenue of $2.8 billion last year, eking out a net profit of $21 million. That's compared to revenue of $2.3 billion and a net loss of $244 million the year before."
Klarna intends to offer roughly 34.3 million ordinary shares at a price range of $35 to $37 per share, aiming to raise up to $1.27 billion. The company plans to list on the New York Stock Exchange under the ticker KLAR, with no listing date disclosed. The target price implies a valuation near $14 billion, down from a reported 2021 peak valuation of $45.6 billion after pandemic-driven online shopping gains receded. Earlier IPO plans were paused amid economic uncertainty tied to tariff policies, while recent tech listings have proceeded. Klarna reported $2.8 billion revenue and a $21 million net profit last year versus a $244 million net loss the prior year.
Read at Fast Company
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