Klarna, the Swedish fintech giant, is reportedly in talks to go public in the United States in an initial public offering (IPO) that could value the company at around USD 20 billion. According to reports, Klarna is working with Goldman Sachs and Morgan Stanley on the potential listing.
Klarna, founded in 2005, has quickly become one of the leading players in the fast-growing buy now, pay later sector. The company’s platform allows consumers to make purchases online and pay for them in installments, with no interest or fees. Klarna partners with over 250,000 merchants worldwide, including major retailers like H&M, Adidas, and Sephora.
With the rise of e-commerce and the increasing popularity of buy now, pay later services, Klarna has seen tremendous growth in recent years. The company’s revenue more than doubled in 2020, reaching USD 1.2 billion. Klarna’s valuation has also soared, with its latest funding round in September 2020 valuing the company at USD 10.65 billion.
If Klarna moves forward with its IPO, it could be one of the biggest listings of the year. The company’s strong financial performance and impressive growth trajectory have caught the attention of investors, making it a highly sought-after stock. Klarna’s IPO would also be a major milestone for the European tech scene, showcasing the continent’s ability to produce successful tech startups.
Overall, the potential IPO of Klarna has generated significant buzz in the fintech and investment communities. With its innovative buy now, pay later platform and rapid growth, Klarna has positioned itself as a frontrunner in the financial technology space. Investors and industry watchers will be closely following Klarna’s journey as it prepares to go public and potentially make a splash on the global stage.