Observed Signal · Nov 13, 2024 · IPO Announcement · Source: Trending Topics · Impact: 2/5 · Sentiment: Neutral
Klarna Files for US IPO as Valuation Recovers After Crash
Swedish fintech Klarna, known for online payments and Buy Now Pay Later services, has decided to pursue an IPO in the United States. The company has submitted a filing with the US Securities and Exchange Commission (SEC) regarding the planned offering of its common shares. The price range and number of shares have not yet been determined, but the valuation is expected to reach several billion dollars. Klarna previously peaked at a $46 billion valuation in 2021 following a SoftBank-led funding round, but suffered an 85% decline to $6.7 billion in a 2022 downround, leading to job cuts. The company chose the US over the London Stock Exchange, adding to London's recent IPO losses. Speculation suggests Donald Trump's election victory could make US listings more attractive.
Klarna's US IPO filing is a significant financial event for the European fintech and e-commerce payments ecosystem, with potential implications for BNPL and retail media, but it is not core AdTech news.
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Key Takeaways & Evidence Grounding
- Klarna filed with the US SEC for a planned IPO of its common shares.
- Klarna chose a US listing over the London Stock Exchange.
- Klarna reached a peak valuation of $46 billion in 2021 after a SoftBank-led funding round.
- In 2022, Klarna's valuation dropped 85% to $6.7 billion in a downround.
- Klarna cut roughly 10% of its then 7,000 employees worldwide during the downturn.
Connected Companies & Entities
4 Entities mapped“Das schwedische Fintech Klarna, bekannt für Online-Zahlungen und „Buy Now Pay Later“, bereitet sich schon länger auf seinen Börsengang vor....”
“Das 2005 in Schweden gegründete Unternehmen erreichte nach einer von der japanischen SoftBank geleiteten Finanzierungsrunde im Jahr 2021 ein...”
“London hat bereits andere große Börsengänge verpasst, darunter den des britischen Chipdesigners Arm, der sich für ein IPO an der Wall Street...”
“Nachdem es lange Spekulationen rund um den ausgewählten Börsenplatz gab, steht nun ein IPO in den USA fest, berichtet der Guardian....”
Ontology Mapping & Concepts
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