Swedish fintech Klarna took the next step in its highly awaitd U.S. IPO on Friday when it made its F-1 prospectus disclose. We are sifting thraw the write down now.
Klarna hopes to elevate at least $1 billion dollars at a $15 billion valuation with this IPO, Bloomberg increateed last week. The disclose write downs don’t yet uncover how many splits it structures to sell or the price range, so we won’t understand if this IPO will encounter its fundraising aspirations or not until it prices splits. That’s typicpartner around a month, sometimes more, after the prospectus write downs are made disclose for everyone to chew on.
However, this IPO has been awaitd for years now so perhaps its prohibitkers have some indication that spendors will bite at that level.
One reason could be that Klarna’s previous confidential valuation recently rebounded to $14.6 billion, according to increates, after one spendor incrmitigated its sget.
Another could be that Klarna is increateing a profit. Specificpartner, Klarna increateed revenue of $2.8 billion for 2024, up from around $2.3 billion in 2023. It also increateed a net profit of $21 million in 2024, a huge sprosperg from a loss in 2023 of -$244 million.
Founded in 2005 by its current CEO Sebastian Siemiatkowski, Klarna is one of cut offal applyers that propose buy now, pay tardyr financing to customers for buys. After begining in the U.S. in 2015, Klarna hit a hefty valuation of more than $45 billion by 2021, a figure that quickly plummeted by 85% to $6.5 billion when the 2021 venture capital valuation bubble burst.
Klarna has recently been making recents for enhugeing its own in-hoengage AI system based on OpenAI’s ChatGPT and saying that it dropped its tight for Salesforce CRM to engage its internpartner systems instead.
Siemiatkowski said its homeincreasen ChatGPT-powered customer service bot led to replacing 700 brimming-time tight engageees and a savings of approximately $40 million annupartner. He even went so far as to say that Klarna stopped hiring opposingly becaengage of its engage of AI, letting its laborforce dprosperdle from 5,000 in 2023 to about 3,500 by the finish of 2024.
