- Swedish buy now, pay later (BNPL) leader Klarna has officially announced its decision to pursue its initial public offering (IPO) on the New York Stock Exchange.
- The company has filed with the US Securities and Exchange Commission (SEC) for the offering, although specifics like share count and price range are yet to be disclosed.
- Klarna’s IPO, expected to bring a multibillion-pound valuation, follows a year of preparation.
- The fintech has streamlined its operations by selling its UK loan portfolio and Klarna Checkout service while acquiring New Zealand-based BNPL platform Laybuy.
- The IPO will proceed once the SEC’s review process concludes, dependent on market conditions.
- This marks a significant step for the 2005-founded firm, solidifying its position as a global BNPL powerhouse while setting sights on growth through the US market.
