Buy now, pay later giant Klarna is reportedly preparing to file for its initial public offering as soon as next week, according to sources cited by Bloomberg.
The Swedish fintech company is collaborating with 15 banks for the listing, which is expected to occur on the New York Stock Exchange. Bloomberg indicates that the IPO could be priced in early April, based on information from individuals familiar with the situation.
Klarna aims to raise up to $1 billion, seeking a market valuation of approximately $15 billion. This prospective valuation is significantly higher than the $6.7 billion figure it achieved during a funding round in 2022, despite the challenging tech market. However, it’s important to note that this valuation is still considerably lower than its peak value of $46 billion in 2021.