Klarna Prepares for $20 Billion IPO, Sets February Deadline for Shareholders to Sell

By Evans Momodu

3 minute digest


Klarna, the Swedish-headquartered buy now, pay later (BNPL) giant, is making significant strides toward its highly anticipated US public listing, which is expected to value the company at approximately $20 billion.

According to a source, Klarna has informed existing shareholders to register their interest in selling shares by 5 February 2025, signaling that the IPO process is gaining momentum.

Shareholders have been instructed to confirm their intent to sell shares as part of the IPO by early February. Klarna’s valuation is projected to range between $15 billion and $20 billion, though some shareholders are optimistic it could be higher.

Goldman Sachs and Morgan Stanley, key banks managing the IPO, are set to publish equity research in the coming days, a traditional step before a public listing.

Klarna, with 85 million customers globally, has become a dominant player in the BNPL sector, bolstered by its innovative payment solutions and strong market presence.

As part of its preparation for the IPO, Klarna has established a UK-registered holding company, aligning its corporate structure for the listing.

The IPO marks a pivotal moment for Klarna and the broader BNPL industry. Despite market fluctuations, Klarna's listing is poised to be one of the most significant fintech public offerings in recent years, showcasing the sector's resilience and growth potential.

For investors, the IPO represents a unique opportunity to participate in one of Europe’s largest fintech successes, as Klarna continues to expand its influence across the global payment ecosystem.
Source: Sky news