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# Swedish Fintech Major Klarna Contemplates $1 Billion+ IPO Debut in Coming Week
### Key Points:
* Klarna Group is purportedly preparing for an IPO in the United States, with the objective of securing at least $1 billion, and public documents might be released as soon as the following week.
* Individuals referenced by Bloomberg indicate the “buy now, pay later” (BNPL) leader is considering a New York Stock Exchange introduction with an assessment target surpassing $15 billion, anticipating early April for IPO valuation.
* The IPO sector is displaying indications of revival, with the count of initial public offerings in the initial two months of 2024 already exceeding the previous year’s statistics for the corresponding timeframe.
Klarna, the Swedish enterprise that has achieved widespread recognition for its BNPL solution, is purportedly taking steps towards a US IPO, seeking a minimum of $1 billion in capital. The documentation could become public as early as the upcoming week.
As per Bloomberg sources, Klarna intends to list on the NYSE, aspiring for an assessment exceeding $15 billion. They are aiming to finalize the IPO price in the beginning of April.
Klarna chose not to provide a statement on Thursday morning.
Back in November, the firm commenced the IPO procedure with the SEC through a private submission. This enabled them to maintain confidentiality until closer to the actual listing.
Klarna’s valuation has undergone significant fluctuations. They previously declared a $6.7 billion assessment in July 2022, a stark contrast to the $45 billion+ assessment they had a year earlier. Significant rivals in the BNPL market encompass Affirm, Block, and PayPal.
As per Dealogic’s data, the present sum of $8 billion constitutes the peak value observed since the equivalent timeframe in 2022, which registered $10.8 billion. To put it differently, investment banking operations are undergoing a revival, signifying a considerable benchmark since the remarkable extents perceived during the initial part of 2022. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
