The media reports that Klarna is currently assessing the interest of investors in buying existing shares of the company on the secondary market.
The mentioned Swedish firm operating in the fintech industry, is exploring the interest of potential funding sources in preparation for a potential initial public offering (IPO) of equities in the United States. The relevant information was published by the media with reference to an anonymous insider.
The company did not provide any comments in response to a media request for the mentioned information.
A secondary share sale is expected to help the Swedish fintech player boost its value ahead of the public listing. There is also an assumption that the mentioned solution will allow the company to offer investors and early employees more liquidity in the time before listing.
In July, the media reported that Klarna was weighing financial advisors for its US initial public offering and that the firm could list in the first half of 2025.
Sebastian Siemiatkowski, the company’s co-founder and chief executive officer, said last year that the firm was ready to go public. In this context, it was noted that the corresponding readiness is associated with a sustainable business model of a fintech player and growth opportunities. However, Sebastian Siemiatkowski stated that the company expects market conditions to improve.
Last month, Klarna and its advisors were confident that the IPO market would stage a comeback in 2025. This was reported by the media.
In May, Klarna reported that its revenue grew by 29% in the first quarter of 2024. Over the same period in 2023, the corresponding figure increased by 13%.
An IPO among fintech companies is what can be called a well-timed decision. The market for corresponding services is growing and is in demand among consumers. Fintech companies offer, for example, convenient payment solutions. Currently, there are many B2B, B2C, C2C, C2B examples. The demand for appropriate solutions is likely to continue to become more popular.
