Klarna Revives US IPO Plans with $13-14 Billion Valuation

Swedish fintech company Klarna is reviving its plans to go public on the New York Stock Exchange, targeting a valuation between $13 billion and $14 billion, significantly lower than the nearly $50 billion it sought in 2021. The planned IPO could see shares priced between $34 and $36, with the company aiming to raise close to $1 billion. Klarna had paused its IPO in April following market disruptions caused by President Trump’s tariffs, and the flotation will mark one of the largest U.S. listings this year amid a resurgence in fintech IPO activity. Despite rising revenues, Klarna has faced challenges including doubled net losses and customer repayment issues, prompting efficiency drives and a reduction in workforce. The company is also expanding beyond its buy-now-pay-later roots by moving into banking services, recently gaining UK authorization to operate as an Electronic Money Institution. Klarna currently leads the U.S. buy-now-pay-later market with a 26.2% share, ahead of competitors Afterpay and Affirm.