Klarna IPO, March 15 -- Swedish fintech Klarna Group Plc filed its paperwork publicly for a US IPO in November, which could be one of the year's biggest financial company listings and a long-awaited stock market debut in the US. The buy now, pay later pioneer reported a 24 per cent surge in 2024 revenue. The Stockholm-founded digital payments firm filed confidentially for the IPO in November.

According to its filing with the US Securities and Exchange Commission (SEC), Klarna had a net income of $21 million on revenue of $2.81 billion for 2024, compared with a net loss of $244 million on revenue of $2.28 billion a year earlier. Klarna, which reshaped online shopping by pioneering the short-term financing model, did not disclose the size ...