Buy Sweden – New York, salary (BNPL) startup Klarna and its shareholders are resuming its initial public offering, hoping to raise up to $1.27 billion in a list that puts the company seriously valued as much as $14 billion.
The company and some of its shareholders together sold about 34.3 million shares, between $35 and $37 per share. renew In Tuesday’s registration statement. Klarna will earn about 5.6 million shares, while its shareholders will earn nearly 2.9 million shares.
The company plans to list its shares on the New York Stock Exchange under the stock “Klar”.
Klarna has long been publicly available, thanks to the enormous success of its BNPL lending model after the pandemic boom: six years later Launch in the United Statesthe company has reached its valuation More than $45 billion However, in 2021. The company has been postponing its IPO plans as the market shifts ended at the end of the ZIRP era Declined 85% to $6.5 billion When the venture capital valuation bubble bursts in 2021.
Still, Krana grew well: revenue in the second quarter rose 54% to $823 million, while its total commodity value rose 14% to $6.9 billion a year ago. The company’s bottom line remains in red, with a net loss of $53 million, although 42% below its net loss a year ago.
Goldman Sachs, JP Morgan and Morgan Stanley are working on products, as well as Bofa Securities, Citigroup, Deutsche Bank, Societe Generale, UBS, UBS and several other banks are also working on the deal.
