Swedish financial technology
(fintech) firm Klarna has announced plans for an initial public offering (IPO)
in the U.S.
The company plans to list shares in the New York Stock Exchange (NYSE) under the ticker symbol “KLAR.”
In a written statement, Klarna said it is hoping to raise up to $1.27 billion U.S. from its IPO. The company plans to offer 34,311,274 shares priced between $35 U.S. and $37 U.S. each.
Klarna will offer 5.56 million of those shares, while the remaining 28.8 million shares will be put forward by existing shareholders who are selling company stock.
Goldman Sachs (GS) and Morgan Stanley (MS) are acting as joint book runners for the IPO.
An exact date for the IPO hasn’t been announced, but Klarna is the latest in a series of companies to hold highly anticipated IPOs this year.
In recent months, companies such as CoreWeave (CRWV), Circle Internet Group (CRCL), and Bullish (BLSH) have gone public.
Other companies expected to go public by year’s end include event ticket marketplace StubHub, graphic design software firm Canva, and cryptocurrency exchange Gemini.
