Klarna Group said it aims to raise up to $1.3 billion in its initial public offering in New York, which was launched on Tuesday.
The Swedish-founded, London-headquartered fintech and its banks have priced the offer at between $35 and $37 per share, with 34,311,274 ordinary shares offered up for listing.
Its valuation could be up to $15 billion, based on the pricing range, after a registration statement was filed with the US Securities and Exchange Commission (SEC).
Klarna itself is selling almost 5.56 million shares, raising between $194 million and $205.6 million, which have been approved to list on the New York Stock Exchange under the symbol 'KLAR'.
Goldman Sachs, JP Morgan and Morgan Stanley are managing the IPO, with BofA, Citi, Deutsche Bank, Soc Gen and UBS bookrunners and several more, including KBW and Wedbush acting as co-managers.
Last week, the buy-now, pay-later (BNPL) specialist was reported to be looking at a valuation of between $13 billion and $14 billion.