Klarna, the Swedish buy-now-pay-later (BNPL) leader, is moving closer to a US stock market debut, with an expected valuation of $15bn to $20bn, according to Sky News.
Shareholders have been given until February 5 to register interest in selling shares, a key step towards its initial public offering (IPO).
Goldman Sachs and Morgan Stanley, two of the lead banks managing the IPO, are expected to release equity research soon, signalling the listing’s imminence.
Klarna has filed regulatory paperwork in the US and established a UK-based holding company as part of the process.
Founded by Sebastian Siemiatkowski, Klarna has 85 million customers worldwide and recently partnered with Stripe to expand its product reach.