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Klarna to float in New York in another snub to London stock market
The Guardian
|November 14, 2024
The buy now, pay later company Klarna has filed for a flotation in the US, a move that marks another blow for the London market.
The Swedish fintech firm confirmed yesterday morning that it had "confidentially submitted" an application to the US Securities and Exchange Commission "relating to the proposed initial public offering of its ordinary shares".
Klarna, which is one of the world's largest buy now, pay later (BNPL) companies, said the price range for its proposed IPO and the number of shares that would be offered were yet to be determined. The firm is expected to easily fetch a multi-billion-pound valuation.
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