Klarna Files for U.S. IPO Following 24% Revenue Growth in 2024

The Swedish fintech pioneer aims to trade on the NYSE as it rebounds from a sharp valuation drop and achieves profitability.

Klarna, known for its buy now, pay later (BNPL) model, has filed paperwork for a U.S. initial public offering (IPO) and plans to trade under the ticker symbol 'KLAR.'
The company reported a 24% revenue increase in 2024, reaching $2.81 billion, and achieved a $21 million profit after a significant loss in the previous year.
Once valued at $46.5 billion during the pandemic, Klarna's valuation dropped to $6.7 billion in 2022 but is now estimated to be around $15 billion, supported by its return to profitability.
CEO Sebastian Siemiatkowski opted for a U.S. listing over European exchanges, citing better market visibility and regulatory advantages.
The IPO comes during a cautious recovery in the tech IPO market, with Klarna joining other recent filings like CoreWeave and ServiceTitan.