Klarna, the BNPL FinTech moving into neobank, is targeting a U.S. listing for its IPO. The buy now, pay later lender and some of its investors plan to sell 34.3 million shares in the IPO at prices expected to be between $35 and $37, aiming to raise up to $1.27 billion.
Klarna Group plc (“Klarna”), the global digital bank and flexible payments provider, announced the launch of its initial public offering of 34,311,274 ordinary shares, of which 5,555,556 ordinary shares are offered by Klarna and 28,755,718 ordinary shares are offered by certain selling shareholders identified in the registration statement on Form F-1 (the “Registration Statement”) related to the proposed offering.
In connection with the offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 5,146,691 ordinary shares to cover over-allotments. Klarna will not receive any proceeds from the sale of ordinary shares by the selling shareholders.
The initial public offering price is currently expected to be between $35 and $37 per ordinary share. Klarna has been approved to list its ordinary shares on the New York Stock Exchange under the symbol “KLAR.”
Goldman Sachs & Co. LLC, J.P. Morgan and Morgan Stanley are acting as joint book-running managers for the proposed offering; BofA Securities, Citigroup, Deutsche Bank Securities, Societe Generale and UBS Investment Bank are acting as bookrunners for the proposed offering; and BNP Paribas, Keefe, Bruyette & Woods, A Stifel Company, Nordea, Rothschild & Co, Wedbush Securities and Wolfe | Nomura Alliance are acting as co-managers for the proposed offering.
Klarna drew investor attention as its valuation soared from $5.5 billion to more than $45 billion in just two years, fueled by three funding rounds between mid-2020 and 2021.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
