Klarna aims to raise up to $1.27 billion in U.S. IPO

In a significant move for the fintech industry, Swedish company Klarna is gearing up to raise as much as $1.27 billion through its anticipated initial public offering (IPO) in the United States. An official filing released on Tuesday reveals the company intends to sell 34,311,274 ordinary shares, with pricing expected to fall between $35 and $37 each. Klarna's shares will be traded on the New York Stock Exchange under the ticker symbol "KLAR." Out of the total shares offered, Klarna itself will sell approximately 5.56 million shares, while the bulk—around 28.8 million shares—will come from existing shareholders looking to divest. Prominent financial institutions including Goldman Sachs, JP Morgan, and Morgan Stanley have been appointed as the joint book runners for this significant listing. As this story develops, more details are expected to emerge, highlighting Klarna's ambitious approach to entering the public market.