Stockholm-based Klarna, an AI-powered global payments network and shopping assistant, announced that it has as publicly filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering of its ordinary shares.
The number of shares and the price range have not yet been decided. Klarna plans to list its shares on the New York Stock Exchange under the symbol “KLAR.”
The announcement comes eight months after Klarna CEO Sebastian Siemiatkowski hinted at a potential IPO. He also indicated a preference for a U.S. listing while exploring options in Europe.
Goldman Sachs, J.P. Morgan, and Morgan Stanley are the main managers for the proposed offering.
BofA Securities, Citigroup, Deutsche Bank, Société Générale, and UBS Investment Bank will help as bookrunners.
BNP Paribas, Keefe, Bruyette & Woods, Nordea Bank, Rothschild & Co., Wedbush Securities, and Wolfe | Nomura Alliance will act as co-managers.
Klarna: A global payments solution provider
Founded by Niklas Adalberth, Sebastian Siemiatkowski, and Victor Jacobsson in 2005, Klarna is an e-Commerce payment solutions platform for merchants and shoppers.
Best known for its Buy Now Pay Later products, the company’s instant debit option, Pay Now, has been rolled out across all European markets and accounts for around a third of all transactions.
It means consumers now have the choice to pay in full immediately or pay over time – all without interest.
It is seamlessly integrated into the checkout process when customers select Klarna as their payment method at participating retailers.
Currently, Klarna serves approximately 93 million active Klarna consumers and more than 675,000 merchants in 26 countries as of December 31, 2024, and facilitating $105B of gross merchandise volume in 2024.
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