Payment giant Klarna restarts its US IPO in September, with a valuation potentially reaching $14 billion
Swedish payment giant Klarna plans to restart its initial public offering (IPO) in the U.S. in September, seeking a valuation of $13 billion to $14 billion. The IPO is expected to raise nearly $1 billion, with a price range of $34 to $36 per share. Klarna is facing profitability pressure due to increased loan loss provisions, recording a pre-tax loss of $53 million in the second quarter. Nevertheless, Klarna's global active users have reached 111 million, a year-on-year increase of 31%
According to two informed sources, Swedish "buy now, pay later" giant Klarna (KLAR.US) plans to seek a valuation of $13 billion to $14 billion in its upcoming initial public offering (IPO) in the United States. This IPO may take place in September.
The digital payment company had paused its IPO plans in April due to market turmoil triggered by U.S. President Donald Trump's tariff statements. However, media reports in July indicated that the company might restart its IPO as early as September.
It is reported that Klarna's stock issuance price may be determined as early as this week, with a price range of $34 to $36 per share.
Informed sources revealed that the company plans to raise nearly $1 billion through the IPO.
Notably, media previously reported that Klarna's IPO valuation target exceeded $15 billion in March of this year, while the valuation target in 2021 was approximately $46 billion.
As the IPO approaches, Klarna is facing profitability pressure in the second quarter due to a significant increase in loan loss provisions. The rapid adoption of its "fair financing" product led Klarna to raise its credit loss reserves, resulting in a pre-tax loss of $53 million, widening from a loss of $18 million in the same period last year.
The latest operational data shows that Klarna has 111 million active users globally, a year-on-year increase of 31%, with 790,000 partner merchants
