The Klarna Bank AB brand seems on a smartphone display in this illustration picture in Reno, United States, on December 30, 2024.
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Swedish fintech agency Klarna is wanting to raise up to $1.27 billion in its long-awaited U.S. preliminary public providing, in accordance to an official submitting out on Tuesday.
Klarna plans to supply 34,311,274 odd shares priced between $35 and $37 every. The providing will worth the corporate up to $14 billion.
The firm will listing its shares on the New York Stock Exchange beneath the image “KLAR.”
Klarna will supply 5.56 million of these shares, whereas the remaining roughly 28.8 million might be put ahead by present shareholders who’re promoting their inventory.
Goldman Sachs, JP Morgan and Morgan Stanley are performing as joint ebook runners for the itemizing.
Klarna, which was based in 2005, is greatest identified for its purchase now, pay later mannequin — a service that permits shoppers to break up purchases into installments. But it has regarded to broaden into different merchandise including piloting a debit card service in the U.S.
The submitting with the Securities and Exchange Commission additionally revealed the corporate’s newest monetary figures. Revenue for the June quarter rose 20% year-on-year to $823 million. Klarna posted a web lack of $53 million widening from the identical interval final 12 months.
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