Swedish Fintech Klarna took the next step in its highly anticipated US ship on Friday, when it made its F-1 prospectus public. We are now going through the document.
Klarna hopes to raise at least $ 1 billion at $ 15 billion rate with this ship, Bloomberg reported last week. The public documents still do not reveal how many shares it plans to sell or the price, so we will not know if this ship will perform its fundraising aspirations or not until it is priced. This is typically about a month, sometimes more, after the prospectus documents become public for everyone to chew.
However, this ship envisioned years ago, so maybe its bankers have some indication that investors will bite at that level.
One reason could be that Klarna’s previous private assessment recently bounced to $ 14.6 billionAccording to reports, after one investor increased his participation.
Another might be that Klarna reports a profit. Specifically, Klarna reported revenue of $ 2.8 billion for 2024, up from about $ 2.3 billion in 2023. It also reported a net profit of $ 21 million in 2024, a large swing of loss in 2023 of -244 million.
Founded in 2005 by its current Director General Sebastian Siemiatkowski, Klarna is one of several players This offer is buying now, pay later funding to customers for purchases. After launching in the United States In 2015, Klarna hit a high rating of More than 45 billion dollars By 2021, digit quickly dropped from 85% to $ 6.5 billion When the 2021 Venture Capital Rating Bubble Burst.
Klarna recently made news to develop its own in-house AI system based on AAIP of OPIC And saying it dropped its contract for Salesforce CRM to use its internal systems instead.
Siemiatkowski said its household client service from ChatGPT-operated customer service led to a replacement of a 700 full -time contract Employees and saving of about $ 40 million annually. He even went that way to say that Klarna stopped hiring aggressively because of its use of AI, leaving it Workplace decreases From 5,000 in 2023 to about 3,500 in late 2024.
