Reported 11 days ago
Swedish payment firm Klarna Group Plc has officially filed for an initial public offering (IPO) in the United States, signaling the end of speculation regarding its market debut. Following a substantial drop in valuation from $45.6 billion in 2021 to around $6.7 billion in 2022 amid broader market challenges, Klarna's valuation has recovered to approximately $14.6 billion currently. The company plans to proceed with the IPO next year and is collaborating with major banks like Goldman Sachs, JPMorgan, and Morgan Stanley while navigating internal board conflicts.
Source: YAHOO