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Swedish Buy Now Pay Later (BNPL). Klarna On its way to becoming a public company. Financial technology He said On Wednesday it confidentially filed a draft registration statement with the US Securities and Exchange Commission (SEC).
The listing announcement, which has been a long time in the making, comes amid a dearth of initial public offerings (IPOs) in the technology sector. Klarna’s European status adds more excitement to today’s news.
Founded in 2005, Klarna is one of several companies in… BNPL A space that enables customers to purchase goods with the promise of interest-free credit. After launching in the US in 2015, Klarna achieved a whopping valuation of over $45 billion by 2021, a number that quickly fell by 85% to $6.5 billion due to market “corrections”.
However, Klarna’s recent evaluation It rose to $14.6 billionAccording to reports, after one of the investors increased his stake.
We still don’t know how many shares will be offered, or the price range for the IPO, but today’s announcement paves the way for Klarna to likely go public sometime in the first half of 2025.
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