24th Jan 2024 12:14
(Alliance News) - Klarna Bank AB's chief executive officer has indicated the Swedish consumer finance provider may soon list in the US, according to a Bloomberg on Wednesday.
"It's very likely that this is going to happen quite soon, but there are no official dates," Klarna CEO Sebastian Siemiatkowski said in a video interview with BNN Bloomberg in Canada.
Siemiatkowski said the US is a natural choice for an initial public offering, Bloomberg reported, as it is the Klarna's largest market by revenue.
https://www.bloomberg.com/news/articles/2024-01-23/fintech-klarna-ceo-signals-ipo-in-us-may-happen-quite-soon?leadSource=uverify%20wall
In November, Klarna incorporated a new UK holding company ahead of a touted stock market debut, according to Sky News, which estimated a flotation value of more than USD15 billion. This did not come to fruition.
news.sky.com/story/buy-now-pay-later-giant-klarna-strides-towards-15bn-float-13000030
London-listed Chrysalis Investments Ltd is an investor in Klarna. Chrysalis shares are up 1.6% in London by Wednesday early afternoon at 74.36 pence each and up 14% over the last five days.
By Greg Rosenvinge, Alliance News senior reporter
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