Fintech
Klarna IPO prospect in New York
July 18, 2024
Written by FinTech Alliance in Financial Technology
Swedish fintech firm Klarna, once valued at $46 billion, is said to be planning an IPO on the New York Stock Exchange.
After significant financial challenges and staff cuts, including at its Manchester headquarters, Klarna’s valuation has fallen to $6.7 billion. The company is now working with major Wall Street banks such as Morgan Stanley and Goldman Sachs to list, potentially in the first half of 2025. Despite past losses, recent financial performance shows improvement, positioning Klarna favorably for an IPO.