Sources have told Fashion Network that Swedish fintech company Klarna will seek a valuation of up to $14 billion in its IPO next month. As mentioned previously in SGI Europe, Klarna plans to restart its path to going public in the US next month, with a valuation of between $13 billion and $14 billion, according to two sources familiar with the matter.
The company put its IPO plans on hold in April due to the significant impact of US President Trump’s new tariffs on global markets. Klarna had also considered going public in 2021, but ultimately decided against it.
The sources said that the shares sold in the offering could be priced at between $34 and $36 as early as this week. This would be a significant decrease from the nearly $50 billion valuation Klarna had aimed for in 2021 and a decline from over $15 billion earlier this year. One source reported that Klarna is seeking to raise nearly $1 billion through the IPO. Klarna declined to comment.
Improvements in equity markets this summer, along with robust debuts from new issuers, have fueled renewed enthusiasm for US initial public offerings.
Earlier this month, Klarna reported that its second-quarter revenue surged 20 percent compared to the same period last year, reaching a staggering $823 million on a like-for-like basis. The company’s adjusted operating profit also climbed by $1 million, reaching $29 million.
