Reported about 11 hours ago
Klarna Bank AB intends to raise at least $1 billion through a U.S. initial public offering (IPO) and is expected to file as early as next week. The Stockholm-based payments company aims for a valuation exceeding $15 billion and is collaborating with major banks including Goldman Sachs and JPMorgan Chase. Despite fluctuations in its valuation in recent years, Klarna is looking to invigorate the technology IPO market and is also considering expansion into the cryptocurrency sector.
Source: YAHOO