Overview

• 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.