BNPL player Klarna Group has publicly filed a registration statement (Form F-1) with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its ordinary shares.
This announcement follows the company’s confidential filing in November 2024.
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The firm is anticipated to trade on the New York Stock Exchange under the ticker “KLAR.”
While the number of shares and the price range for the IPO have not been disclosed, Klarna aims to raise over $1bn, as reported by Bloomberg.
The Swedish company reported a net profit of $21m in 2024 compared with a net loss of $244m in the previous year, as stated in the SEC filing.
“The Registration Statement relating to the proposed offering has been filed with the SEC but has not yet become effective”, the company release said.
Klarna’s total revenue reached $2.8bn in 2024, up from $2.2bn in 2023.
The company’s operating loss stood at $121m for the year, compared with $323m in 2023, while adjusted operating profit was $181m, from a $49m loss a year earlier.
Goldman Sachs, J.P. Morgan, and Morgan Stanley are serving as joint book-running managers.
While, BofA Securities, Citigroup, Deutsche Bank Securities, SOCIETE GENERALE, and UBS Investment Bank are on board as bookrunners.
Additionally, BNP Paribas, Keefe, Bruyette & Woods, Nordea Bank Abp, Rothschild & Co, Wedbush Securities, and Wolfe | Nomura Alliance will act as co-managers.
The company reported serving around 93 million active consumers and over 675,000 merchants across 26 countries as of 31 December 2024.
In 2024, Klarna facilitated $105bn of gross merchandise volume.
