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 Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
