In brief: Klarna finally goes public

After years of anticipation and suspense, Klarna has finally announced that it has submitted a draft registration statement to the Securities and Exchange Commission in order to go public in the USA.

​​​​The Swedish fractional payment giant has long been planning to go public in New York. Already in 2021, the Unicorn of fractional payment had established itself as a benchmark in Europe and ensured its expansion into the United States. It also stated that it wanted to broaden its financial ambitions, no longer relying solely on fund-raising. At the time, the company planned to go public in 2022.

However, after recording historic growth in 2021, Klarna was overtaken by a series of factors which contributed to the collapse of its valuation. In 2022, the company posted the biggest losses in its history, before returning to profitability.

These events forced Klarna to postpone its objectives, which now seem on the verge of being achieved.

Klarna has not yet specified the number of shares to be offered, nor their price. The initial public offering is expected to take place once the SEC has completed its review process.