Swedish payments fintech Klarna is lining up financial advisers for a long-awaited initial public offering in the US that will be among the most anticipated listings in recent years, according to Financial Times.
Morgan Stanley, JPMorgan and Goldman Sachs were in lead positions to secure top roles working on the potential listing of the ‘buy now, pay later’ pioneer, the people said. An IPO could come as soon as the first half of next year, the people said, cautioning that no final decisions had been made. Other banks could yet join the underwriting group, they added.
Klarna was last valued at $6.7bn in 2022 in a fundraising round that was deeply discounted amid rising interest rates and falling tech stock prices. It had previously been priced at $46bn in a 2021 deal that made it Europe’s most valuable start-up group.
The company’s decision to seek a listing comes as executives at Klarna and its advisers were confident the IPO market would bounce back in 2025 after years of turbulence, said two people briefed about the matter. It remains unclear what valuation the company could seek in an IPO.
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:
