Klarna’s IPO will go live on Wednesday.

Swedish buy-now-pay-later giant Klarna has teed up its second attempt at an IPO , with the eyes of the fintech world set on its New York debut.

The company’s valuation has been on a rollercoaster ride over the past three years, peaking at £33.6bn in July 2021 before plummeting to £4.95bn a year later.

The oversubscribed offering is expected to launch on Wednesday, with the price per ordinary share set at $40, valuing the company at $15bn (£11.1bn).

Philip Atkinson, an analyst at Bridgewater, told City AM the valuation was “beneath experts’ estimations of £18.5bn-£22.15bn” and was viewed by some as a “bargain price.”

Booming fintech market

A strong IPO performance from Klarna could be the catalyst for potential listings from UK-based finte

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