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