(Reuters) – Klarna, supported by the Sequoia Capital Fund since 2010, said Tuesday to aim for a IPO (IPO) in New York valuing it up to $ 14 billion (11.96 euros) while the appetite of investors for strong growth technological values revives after a period of disinterest in the ambitions of the Swedish Fintech.
Other technological companies, such as the neobank chime or the stable -co -sender circle technological societies, attracted high demand from investors and during their recent IPOs.
The fractional payment specialist (BNPL) plans to sell 34.3 million shares during his IPO for one price per share between 35 and 37 dollars in order to lift up to $ 1.27 billion.
The Swedish fintech, which relies on faster and flexible payment options than traditional banks, is promised to a bright future: analysts expect the fractional payment market to progress with the development of online trade.
If this market has the advantage of having been largely spared by the consequences of customs duties so far, it also has specific risks, linked in particular to credit risk, which pose questions about its long -term profitability.
The company, led by its co -founder Sebastian Siemiatkowski and Sweden based in Stockholm, was founded in 2005 and reached unicorn status -a valuation of at least 1 billion dollars -, in 2012. Its valuation then exploded in the space of two years and three funds, going from $ 5.5 billion to 46.5 billion Dollars between mid-201 and 2021.
Goldman Sachs, Jpmorgan and Morgan Stanley
After having envisaged an IPO in New York for several years, the Fintech had put its projects lasting last April after the announcements on the commercial front of Donald Trump having cooled the interest of the markets, in particular of the technological growth companies.
Already in 2021, Klarna had considered a direct rating, a method allowing to minimize the costs of the IPO without raising capital, but had finally opted for a fundraising.
Klarna’s establishment in the United States highlights the growing demand for these services, especially among young buyers looking for flexible payment options.
Klarna has also launched banking products and has teamed up with major world brands such as fast fashion retailers Zara and H&M, the manufacturer of luxury bags coach and the giant of Sephora cosmetics.
Klarna, who had around 30 active consumers on June 30, and worked with 790,000 merchants in 26 countries, also launched banking products and has teamed up with major world brands like Zara, H&M or Sephora.
The company, which asked to be listed on the New York Stock Exchange under the “Klar” symbol, work in particular with Goldman Sachs, Jpmorgan and Morgan Stanley as book contents.
(Written by Manya Saini in Bangalore; Bertrand de Meyer, edited by Augustin Turpin)
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