Klarna has unveiled plans for a second attempt to list in New York – at a valuation of as much as £10billion.
The Swedish-based buy-now-pay-later firm is returning to Wall Street after it paused previous plans for an initial public offering earlier this year.
That was blamed on Donald Trump’s erratic tariffs shaking global financial markets this spring. But yesterday the business revived the plans as investor appetite returns.
Klarna – which has been promoted by media personality Paris Hilton, is aiming to raise as much as £950million, with shares priced between £26 and £28.
Klarna was valued at £34billion in a private capital fundraiser in 2021. But this tumbled to £5.2billion the following year during a widespread crash in tech valuations.
The group said sales hit £615million in the three months to the end of June, a 20 per cent increase on the year before.
New York listing: Klarna – which has been promoted by media personality Paris Hilton, is aiming to raise as much as £950m, with shares priced between £26 and £28
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