Swedish Fintech Klarna Files for US IPO

Nov 13, 2024, 06:25 AM

Klarna, the Swedish fintech company known for its 'buy now, pay later' service, has confidentially filed for an initial public offering (IPO) in the United States. The move ends months of speculation about the company's plans for a stock market listing. Klarna's implied valuation was estimated at approximately $14.6 billion in October 2024, following an increase in the value of its stake by shareholder Chrysalis to $154 million. The company, which recently expanded its services to include Apple Pay in the UK and US, is now preparing for its next phase of growth through public markets.