Klarna revives IPO plans, aims to raise $1.27B

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Swedish buy-now, pay-later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion.

The company and some of its shareholders are together selling approximately 34.3 million shares between $35 and $37 each, the company said in an rel=”nofollow” href=”https://www.sec.gov/Archives/edgar/data/2003292/000200329225000024/klarnagroupplcf-1a3.htm”>update to its registration statement on Tuesday. Klarna would receive proceeds from about 5.6 million shares, while its shareholders are offloading nearly 29 million shares.

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Klarna revives IPO plans, aims to raise $1.27B


Swedish buy-now, pay-later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion.

The company and some of its shareholders are together selling approximately 34.3 million shares between $35 and $37 each, the company said in an rel=”nofollow” href=”https://www.sec.gov/Archives/edgar/data/2003292/000200329225000024/klarnagroupplcf-1a3.htm”>update to its registration statement on Tuesday. Klarna would receive proceeds from about 5.6 million shares, while its shareholders are offloading nearly 29 million shares.

The company…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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