Klarna is aiming to revive its initial public offering plans after pausing due to market volatility earlier this year. According to a memo reported by Sky News, the buy now, pay later company and its advisers are preparing for a potential listing in September or October. However, a final decision will depend on favorable market conditions.
In April, the Swedish firm had suspended its plans to list on the New York Stock Exchange amidst market disruptions caused by President Donald Trump’s tariffs. Klarna was looking to raise around $1 billion with a projected market valuation of $15 billion.
Once a pioneer in the BNPL sector, Klarna is also diversifying its offerings. Recently, it secured an Electronic Money Institution license from the UK’s FCA, setting the stage for its entry into the retail banking market.