Klarna Group Plc today confidentially submitted a draft Registration Statement on Form F-1 to the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its ordinary shares. „The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.” – the company said in a press release.
Traders will be expecting a blockbuster debut with market whispers suggesting a $20 billion valuation range.
The implied valuation of $14.6 billion is more than double the $6.7 billion price tag Klarna secured in a 2022 funding round amid a wider tech rout. However, it is still way down on the peak 2021 value of $46 billion.
Klarna saw revenue rise 27% in the first half of 2024, buoyed by its aggressive use of AI, which CEO Sebastian Siemiatkowski says could help the BNPL giant halve its workforce. First half adjusted profits hit $66 million, compared to an adjusted loss of $45 million in the same period in 2023.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
