Swedish fintech company Klarna is preparing to revive its plans for an initial public offering (IPO) in the United States next month. According to sources close to the matter, the company’s valuation is expected to fall within the range of 13 to 14 billion dollars.
Klarna has previously considered going public but postponed its plans at different times. In 2021, the company abandoned its IPO plans, and in April this year, it once again shelved the process due to the market uncertainty triggered by the comprehensive tariff measures announced by then-U.S. President Donald Trump.
Under the renewed plan, Klarna’s share price is expected to be set between 34 and 36 dollars, with sales anticipated to begin as early as this week. These figures mark a sharp decline compared to the company’s earlier 2021 target valuation of around 50 billion dollars.
Earlier this year, Klarna announced a valuation of 15 billion dollars. The company now aims to raise approximately 1 billion dollars in capital through the IPO, though it has declined to make any official comments on the matter.
The recent rebound in U.S. stock markets and the strong IPO performances of new entrants played a role in Klarna’s decision to move forward. Notably, companies such as design software maker Figma and stablecoin firm Circle saw their shares surge on their first trading days by 333% and 864% respectively.
Best known for revolutionizing e-commerce with its “Buy Now, Pay Later” model, Klarna recently reported that its second-quarter revenues rose 20% year-over-year, reaching 823 million dollars. The company’s adjusted operating profit also increased to 29 million dollars.
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