The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.
The Swedish buy now, pay later provider Klarna said Tuesday that it has submitted a confidential draft registration statement to the Securities and Exchange Commission as part of a plan for an initial public offering of stock in the U.S.
Klarna has not determined the price range for the proposed offering, according to a press release the company posted on its website Tuesday evening.
The IPO will take place after an SEC review, the release said. So the schedule for the offering isn’t known yet.
Klarna is valued at about $14.6 billion, Bloomberg reported in October, citing Deutsche Bank analysts. The BNPL company reported total revenue of 13.3 billion Swedish krona ($1.46 billion) for the first half of the year, which was a 27% increase over the first half of 2023. The company posted a 333 million krona ($30.47 million) loss in the first six months of 2024, narrowing from a 1.89 billion krona ($191.17 million) loss in the year-ago period.