Sept 2 (Reuters) -
Swedish firm Klarna said on Tuesday it was aiming for a U.S.
listing valuing the company at up to $14 billion, as it seeks to
capitalize on renewed investor interest in high-growth fintech
startups after an extended lull.
The company, which has been eyeing a New York listing for
years, paused its plans in April due to choppy global markets
after U.S. President Donald Trump announced sweeping tariffs on
major trading partners.
The buy now, pay later lender and some of its investors plan
to sell 34.3 million shares in the IPO at prices expected to be
between $35 and $37, aiming to raise up to $1.27 billion.
Klarna caught investors' attention after its valuation
soared from $5.5 billion to $46.5 billion in just about two
years following three rounds of funding between mid-2020 and
2021.
After years of dormancy, companies that had delayed public
debuts are testing investor appetite again, driven by calmer
markets and renewed confidence. Early tech listings have drawn
strong interest, suggesting a cautious but real revival of
market activity in a dormant market.
Buy now, pay later services let shoppers split purchases
into smaller, interest-free instalments over weeks or months,
instead of paying upfront.
Klarna's push into the U.S. highlights the growing
demand for these services, especially among younger shoppers
seeking flexible payment options.
It has also launched banking products and partnered with
leading global brands such as fast-fashion retailers Zara and
H&M, luxury-bag maker Coach and cosmetics giant Sephora.
The company had about 111 million active consumers and
roughly 790,000 merchants in 26 countries as of June 30.
Klarna has applied to trade on the New York Stock Exchange
under the ticker symbol "KLAR".
Goldman Sachs, JPMorgan and Morgan Stanley are the lead
underwriters.