Klarna, a buy now, pay later e-commerce fintech company, is expected to conduct an initial public offering.
There's no news yet about how much the stock will cost when it goes public. No date has been set for when the stock will be publicly available.
The buy now, pay later e-commerce giant Klarna is expected to go public. It has not yet filed a viewable form S-1 with the US Securities and Exchange Commission. But we'll update this page as information as it becomes available.
Klarna is a Swedish fintech company that lets customers purchase products from major retailers and then pay for those items in four zero-interest payments. As of December 2020, it has reached more than 11 million customers in the US.
It partners with major brands such as Macy’s, Adidas and Sephora.
On March 1, the company announced a new funding round had raised $1 billion and valued the company at $31 billion, Bloomberg reported.
According to its website, Klarna is the most highly valued fintech company in Europe and the fourth-highest in the world.
Klarna is among the latest buy now, pay later companies to emerge. Affirm, one of its competitors, announced in late December that it plans to postpone its IPO until January 2021.
Once Klarna goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
Officially known as Klarna Bank, this alternative to credit card issuers now has more than 190,000 merchant partners worldwide.
In the quarter ending September 2020, the company reported net operating income growth of $742 million, a 37% increase from the previous period. The quarter has other highlights as well.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Klarna stock.
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