Fintech Giant Klarna Set to Make Waves with US IPO Plans
Klarna's CEO, Sebastian Siemiatkowski, has indicated that the company is likely to pursue a stock market listing in the United States in the near future.
In an interview with Bloomberg, Siemiatkowski mentioned the likelihood of such a move, although no official dates have been confirmed.
In November, Klarna initiated the establishment of a UK holding company as part of preparations for a potential initial public offering in London. Despite this, Siemiatkowski highlighted that a significant portion of Klarna’s sales originates from the US, suggesting a leaning towards a listing in the United States.
Reports in November by Sky News suggested that the listing could occur in the first half of 2024, with a valuation projected to be in the range of $15 billion to $30 billion. This valuation would represent a substantial increase from its 2022 funding round but a decline from the $46 billion valuation in 2021.
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Klarna experienced a challenging period, marked by a workforce reduction and a decrease in valuation amid a recalibration in the tech market. However, recent signs of recovery include a reported net profit for the third quarter and robust growth in the US, where there was a 46% year-on-year increase in gross merchandise value.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
