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Klarna revives IPO plans, aims to raise $1.27B
Swedish buy-now, pay-later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion.
Klarna has long been expected to go public thanks to the massive success of its BNPL lending model in the wake of the post-pandemic boom: Six years after launching in the U.S., the company hit a valuation of more than $45 billion in 2021. However, the company has been putting off its IPO plans as the market turned at the end of the ZIRP era, its price tag declining by 85% to $6.5 billion when the 2021 venture capital valuation bubble burst. He covered North American and European M&A, equity, regulatory news and debt markets at Reuters and Acuris Global, and has also written about travel, tourism, entertainment and books.
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