Klarna, Backers Seek $1.27 Billion in IPO After Tariff Pause

Klarna, a Swedish fintech company, is seeking to raise up to $1.27 billion through an initial public offering (IPO) on the New York Stock Exchange. The company and some of its shareholders are reviving the IPO plan, which was previously delayed earlier this year due to market volatility. Klarna is a buy-now-pay-later platform that allows consumers to make purchases and pay for them in installments. The company has experienced significant growth in recent years and is now one of the largest private fintech companies in the world. The IPO is expected to provide Klarna with additional capital to fund its expansion and innovation efforts. The company has not yet disclosed the number of shares it plans to offer or the expected price range for the IPO. The successful completion of the IPO would represent a significant milestone for Klarna and the broader fintech industry, as the company seeks to capitalize on the growing demand for alternative payment solutions.