Klarna goes public

The fintech company Klarna, declared Europe’s most valuable startup in 2021, has begun the process of going public. On Wednesday, Klarna announced it had “confidentially” submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC).

The IPO, which may value Klarna between $15 billion and $20 billion, will proceed following the SEC's review. Klarna also noted that the price range and the number of shares for the IPO are yet to be determined. It’s worth noting that Raison invested in the startup three times. The first investment was made in December 2020 at a share price of $500. The second round took place in June 2021, during which Klarna’s valuation increased by more than 2.4 times in just five months, from $12.8 billion to $31 billion. In November 2021, Raison invested in the company for the third time.

Klarna’s IPO confirms the potential of its business model and could attract new investment.