Shareholders Approve Klarna's Path to $20B Stock Market Debut

Shareholders Approve Klarna's Path to $20B Stock Market Debut
Shareholders Approve Klarna's Path to $20B Stock Market Debut

Klarna, the buy now pay later (BNPL) FinTech giant, has made significant progress towards its anticipated stock market debut, which could value the firm at up to $20 billion (£15.9 billion).

Sources have revealed that Klarna, headquartered in Stockholm, has received approval from both shareholders and regulators to create a new UK-registered holding company.

Investors were notified earlier this week that, as part of the preparations for a high-profile initial public offering (IPO), their shares in Klarna Holding will be exchanged for stock in Klarna Group plc within approximately ten days.

While investment banks have not yet been selected for the New York IPO, insiders suggest that the first quarter of 2025, following the next US presidential election, is the most likely timeframe for the flotation.

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