Klarna Set for U.S. IPO with Confidential Filing
Klarna, the Swedish buy now, pay later company, has confidentially filed for an IPO in the U.S. with the SEC, though details on share numbers and pricing are yet to be determined. The company's valuation has fluctuated, currently estimated at $14.6 billion, down from $45.6 billion in 2021. Klarna's U.S. market is its largest revenue source, and the IPO is anticipated in the first half of next year amid growing BNPL popularity and regulatory scrutiny.