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Klarna Readies for Major IPO Amid Profit Surge

  • Klarna filed its F-1 prospectus for a U.S. IPO, aiming to raise at least $1 billion at a $15 billion valuation.
  • The IPO documents don't yet disclose the number of shares or price range; details will be available closer to the pricing date.
  • Klarna's private valuation rebounded to $14.6 billion recently, driven by increased investor confidence.
  • The fintech reported a significant profit for 2024, with revenue rising to $2.8 billion and net profit hitting $21 million.
  • Klarna has been leveraging AI to streamline operations, leading to substantial cost savings and a reduction in workforce.

Source: TechCrunch

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Klarna Confidentially Files for US IPO

  • Swedish payments group Klarna has confidentially filed for a US IPO.
  • The company reported a first-half adjusted profit of $61.74 million, driven by job cuts and AI implementation.
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