Klarna Files Confidentially for US IPO in 2025

Swedish fintech firm Klarna has confidentially filed for an initial public offering (IPO) in the United States, aiming for a listing in the first half of 2025. This move marks a shift away from the London market, which has missed several high-profile IPOs recently. Klarna, a key player in the buy now, pay later sector, saw its valuation peak at $46 billion in 2021, drop to $6.7 billion in 2022, and recover to an estimated $14.6 billion. The specifics regarding the number of shares and price range for the IPO remain undetermined. Klarna's decision aligns with a resurgence in its financial performance, highlighted by a 27% increase in revenue and a return to profitability, reflecting strong growth in its largest market by revenue, the U.S.