Klarna Submits Application for U.S. IPO After Achieving Profitability Again
Swedish fintech company is set to list on the New York Stock Exchange as it experiences revenue growth and expands its presence in the U.S.
Klarna, the Swedish fintech firm renowned for its 'buy now, pay later' services, has submitted a request for an initial public offering in the United States.
The company plans to list its shares on the New York Stock Exchange under the ticker 'KLAR'.
Information regarding the number of shares and their pricing remains undisclosed. Established in 2005, Klarna currently caters to approximately 93 million users and collaborates with around 675,000 merchants in 26 countries.
As per its filing, Klarna reported a net profit of 21 million dollars in 2024, rebounding from a loss of 244 million dollars in 2023. The company's annual revenue increased by 24 percent year-over-year, reaching 2.81 billion dollars. This recent growth can be attributed, in part, to its expansion in the United States, where revenue surged by 38 percent in 2024.
Klarna has also formed strategic partnerships in the U.S., including exclusive 'buy now, pay later' services for Walmart and offering flexible payment options via DoorDash. Klarna's choice to go public in New York instead of Stockholm aligns with a trend among European tech companies seeking increased market liquidity and visibility in the U.S.
The company plans to list its shares on the New York Stock Exchange under the ticker 'KLAR'.
Information regarding the number of shares and their pricing remains undisclosed. Established in 2005, Klarna currently caters to approximately 93 million users and collaborates with around 675,000 merchants in 26 countries.
As per its filing, Klarna reported a net profit of 21 million dollars in 2024, rebounding from a loss of 244 million dollars in 2023. The company's annual revenue increased by 24 percent year-over-year, reaching 2.81 billion dollars. This recent growth can be attributed, in part, to its expansion in the United States, where revenue surged by 38 percent in 2024.
Klarna has also formed strategic partnerships in the U.S., including exclusive 'buy now, pay later' services for Walmart and offering flexible payment options via DoorDash. Klarna's choice to go public in New York instead of Stockholm aligns with a trend among European tech companies seeking increased market liquidity and visibility in the U.S.
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