The number of shares to be offered and the price range for the proposed offering have not yet been determined, according to Klarna in a press release.
It also appears that Klarna wants to register the share with the symbol "KLAR".
The American major banks Goldman Sachs, J P Morgan and Morgan Stanley are handling Klarna's application.
The payment service company is aiming to raise 10 billion kronor in connection with a listing on the New York Stock Exchange, reported Bloomberg with reference to sources last week. It is expected that the listing, if it takes place, will be one of the largest this year within the financial sector.
Turning to profit
Klarna, with 93 million customers and 675,000 connected merchants in 26 countries, hopes for a valuation of the group of around 150 billion kronor according to sources.
In a financing round in 2021, the valuation was at 45.6 billion dollars, to be down at 6.7 billion dollars the following year.
The Stockholm-based company has reported a profit for the two most recent quarters after years of losses during the build-up phase.
Market conditions will determine whether the introduction of the share is carried out. According to Klarna, there are no guarantees that this will happen and no information on when it will happen if it does.
Expected message
That Klarna would register for a stock exchange listing in the USA with the American financial supervisory authority has been expected. The company has previously applied for permission for a stock exchange listing and the registration is another step in the process.
Sebastian Siemiatkowski, Klarna's CEO and founder, said in an interview with TT in August last year that they were ready for a listing.
Just before Friday's message, Siemiatkowski wrote on the platform X that "the quiet game begins now" with reference to the SEC's rules on a quiet period prior to a stock exchange listing.
The fintech group Klarna – founded by Sebastian Siemiatkowski and Victor Jacobsson – launched its first online payment solution 20 years ago. Since then, the group, based in Stockholm, has grown enormously – in recent years not least with expansion into large markets such as the USA, Germany and the UK.
Prior to the now expected stock exchange listing on the New York Stock Exchange, Klarna has, among other things, sold its cash solution, Klarna Checkout, and developed services that make the company increasingly resemble a traditional bank with a transaction account.
Klarna has also entered into several important cooperation agreements with other major players on the payment market, such as JP Morgan Payments, Apple Pay, Google Pay and Adyen.
