Klarna Plans $1B+ IPO Filing as Early as Next Week

Klarna is seeking to raise at least $1 billion in a US initial public offering and is set to file publicly as soon as next week, according to people familiar with the matter.

The payments business aims to price the IPO in early April, the people said, asking not to be identified as the information isn’t public. Klarna is targeting a valuation of more than $15 billion in the New York Stock Exchange listing, the people said.

Deliberations are ongoing and details of the listing plan including timing could still change, the people said. A representative for the company declined to comment.

Klarna is best known for its offering of buy-now, pay-later loans, which typically allow users to make a purchase and split their payments into equal, interest-free installments. The company has amassed 85 million customers around the world and 600,000 retail partners.

Klarna has confidentially filed for an IPO with the US Securities and Exchange Commission, according to a statement in November. The company is working on the listing with around 15 banks, led by Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley, Bloomberg News has reported.