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Reading: Klarna prepares for autumn bid to revive $15bn New York float
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Michigan Post > Blog > Business > Klarna prepares for autumn bid to revive $15bn New York float
Business

Klarna prepares for autumn bid to revive $15bn New York float

By Editorial Board Published July 31, 2025 2 Min Read
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Klarna prepares for autumn bid to revive bn New York float

The purchase now, pay later (BNPL) large Klarna is getting ready to revive a public itemizing in New York this autumn, months after being compelled to abort a earlier try amid tariff-induced market turmoil.

The timing of the IPO is being repeatedly reviewed, in response to insiders, however is prone to happen properly earlier than the tip of the yr.

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“We’re carefully monitoring market situations and can transfer swiftly when the timing aligns.

He added that shareholders ought to count on to be notified 48 hours upfront of an IPO being launched.

The corporate has been making an attempt to shed its label as a BNPL-focused firm and reposition itself as a digital financial institution in latest months.

This week, it stated it had been authorised by the Metropolis watchdog as an Digital Cash Establishment (EMI), permitting it to start providing cashback to its 11m UK clients later this yr.

Klarna, which employs about 5,000 individuals, was based by chief govt Sebastian Siemiatkowski, who final yr additionally arrange a brand new holding firm in Britain.

However, its impending itemizing within the US delivered a recent disappointment to the London Inventory Change, which had been pushing for it to drift within the UK.

Klarna has recovered from a torrid interval wherein it was compelled to slash its valuation to $6.7bn (£5.3bn) in a funding spherical in 2022.

It had as soon as been valued at $46bn (£36.6bn) and drawn backing from traders resembling SoftBank’s Imaginative and prescient Fund, Sequoia Capital and Mubadala, the Abu Dhabi sovereign wealth fund.

Klarna declined to touch upon the potential timing of a second try and go public.

John Craske, a spokesman for the corporate, insisted it was not “repositioning” itself as a digital financial institution as a result of it had “a full Swedish banking license since 2017”.

TAGGED:15bnAutumnbidfloatKlarnapreparesreviveYork
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