Klarna is reportedly advancing to a US IPO in 2025

Klarna, the Swedish fintech that’s pioneered the ‘buy now pay later’ app market in Europe, is now reportedly lining up a stock market float in New York.

The firm is said to be ramping up its IPO plans with the hiring of leading American investment banks – engaging Goldman Sachs, J.P. Morgan Chase, and Morgan Stanley – with a listing potentially occurring in the first half of 2025.

By 2025, it expects to improve on the $6.7 billion valuation obtained in 2022, that’s according to a report in the FT.

Klarna, which is backed by Sequoia Capital, SoftBank, and other venture funders, remains in a growth phase following its major investments and expansion into the US ‘BNPL’ market, and, it has not made a profit since 2019.