Reported 16 days ago
Klarna Group Plc has added about 12 banks to its US IPO team as it prepares for a potential listing in the first half of 2025. Major banks like Bank of America, Barclays, Citigroup, and Deutsche Bank are set to act as joint bookrunners, while Goldman Sachs, JPMorgan Chase, and Morgan Stanley will lead the offering. Klarna is nearing profitability, with recent losses significantly reduced compared to last year, bolstering its valuation to approximately $14.6 billion. This move may encourage other fintech companies to pursue public listings as the market stabilizes.
Source: YAHOO