After hitting the brakes on its IPO in April, Swedish fintech giant Klarna is reportedly resuming its plans to go public in the United States in September, Reuters reported on Tuesday.
The company is believed to be seeking a valuation of between $13 billion and $14 billion. And its shares could be priced at between $34 and $36 as early as this week, according to Reuter’s sources. Klarna is believed to be attempting to raise nearly $1 billion from the initial public offering.
Klarna filed a draft registration statement with the U.S. Securities and Exchange Commission last November, and in March made its F-1 prospectus public. By early April, Klarna seemed to be hitting an indefinite pause on its plans after President Trump announced sweeping tariffs. At its peak, Klarna — which has evolved its model to do more than just buy now, pay later — was valued at $45.6 billion.
More recently, Klarna was valued at $14.6 billion. Since its 2005 inception, the company has raised nearly $6.2 billion in funding from investors such as Sequoia Capital, General Atlantic and Silver Lake, with Santander adding $1.63 billion to that total in a debt financing just last week. Unlike many other fintechs, Klarna is profitable and turned net income of $21 million in 2024.
In 2025 so far, we have seen an uptick in IPOs compared to recent years. High-performing public debuts this summer from companies like Figma, Circle and Chime Financial helped drive the narrative that the tech IPO market is back in business.
In recent days and weeks, however, shares of many of the most sought-after new market entrants have tumbled. And while by many metrics, valuations still look elevated, the degree has lessened.
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