Overview

• Klarna is targeting an initial public offering in New York for September or October 2025, contingent on favourable market conditions
• The company suspended its IPO plans in April after filing with the SEC in March because of market turbulence triggered by U.S. tariffs
• The Financial Conduct Authority has authorised Klarna as an Electronic Money Institution, enabling cashback and savings products for its 11 million U.K. customers
• Klarna is shifting beyond buy-now-pay-later by launching subscription services, debit cards and other digital banking features
• Shareholders will receive 48 hours’ advance notice before the float as management monitors improving sentiment in the fintech sector