Klarna Files for U.S. IPO with $15 Billion Valuation Target

The Swedish Buy Now, Pay Later giant plans to list on the New York Stock Exchange under the ticker 'KLAR' as it emphasizes AI-driven efficiency.

Klarna has submitted its IPO registration statement to the U.S. Securities and Exchange Commission, marking a key step toward going public.
The company aims for a valuation exceeding $15 billion, following significant recovery from a sharp valuation drop in 2022.
Klarna's financial disclosures highlight a return to profitability in 2024 and growth in gross merchandise volume and active users.
CEO Sebastian Siemiatkowski has positioned AI as central to Klarna’s future, with automation initiatives reducing its workforce by 30% since its peak.
The IPO will test investor confidence in the BNPL sector, which faces challenges from rising interest rates and economic uncertainty.