Klarna is reportedly in discussions with several banks, including Citigroup, RBC, Nordea, and Société Générale, regarding the sale of a portfolio of US “Pay in 4” instalment loans in advance of its anticipated IPO, according to the Financial Times.
This initiative would enable Klarna to free up capital for growth as it aims to maintain investor confidence before going public later this year. In October, Klarna divested its UK loans book to hedge fund Elliot Advisors, a strategic move aimed at releasing approximately £30 billion.
Additionally, late last year, Klarna filed a draft Registration Statement with the SEC for its US IPO, setting the stage for a potential listing that could be valued at over $20 billion.