03:07 PM EDT, 05/14/2024 (MT Newswires) -- Klarna Bank is prepared for an initial public offering after an expansion globally and in the US, Chief Executive Sebastian Siemiatkowski told Bloomberg in a television interview Tuesday.

The IPO is likely to take place in the first quarter of next year but Siemiatkowski did not rule out an earlier public float.

Meanwhile, Sky News reported that the Stockholm-based buy now pay later giant has secured backing from shareholders and regulators to establish a new UK-registered holding company as part of its plan for an eventual public offering.

Klarna did not immediately respond to a request for comment from MT Newswires.