Reported about 6 hours ago
Klarna Group Plc has officially filed for an IPO in the U.S., highlighting a 24% revenue increase last year and a shift towards profitability with a net income of $21 million on $2.81 billion in revenue for 2024. The company aims to raise over $1 billion, targeting a valuation of more than $15 billion, as it continues to adapt by divesting non-core operations and enhancing partnerships in the payments sector. Despite challenges, including a boardroom conflict and regulatory scrutiny, Klarna is moving forward with its plans to list on the New York Stock Exchange.
Source: YAHOO