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Swedish fintech startup Klarna is gearing up to go public in the United States. The company announced on Wednesday that it has submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission (SEC).
## The Journey to Public Listing
The news of Klarna’s IPO comes at a time when the tech sector is experiencing a shortage of initial public offerings. With its European roots, Klarna’s move into the U.S. market has generated even more excitement.
## A Rise and Fall
Established in 2005, Klarna is a key player in the buy now, pay later (BNPL) industry, allowing customers to make purchases with interest-free credit. Despite a significant valuation of over $45 billion in 2021, Klarna’s value took a sharp decline to $6.5 billion following market adjustments.
## Moving Forward
Recent reports indicate that Klarna’s valuation has rebounded to $14.6 billion after a significant investment. While details such as offering size and IPO pricing remain undisclosed, Klarna’s confidential filing sets the stage for a potential public debut in the first half of 2025.
