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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Klarna lining up financial advisers for US IPO - report

(Sharecast News) - Swedish payments fintech Klarna is reportedly lining up financial advisers for a long-awaited initial public offering in the US that will be among the most anticipated listings in recent years. The Financial Times cited people familiar with the matter as saying that Morgan Stanley, JPMorgan and Goldman Sachs were in lead positions to secure top roles working on the potential listing of the 'buy now, pay later' pioneer.

It was understood that an IPO could come as soon as the first half of next year, the people said, cautioning that no final decisions had been made. Other banks could yet join the underwriting group, the sources added.

Klarna was last valued at $6.7bn in 2022 in a fundraising round that was deeply discounted amid rising interest rates and falling tech stock prices. It had previously been priced at $46bn in a 2021 deal that made it Europe's most valuable start-up group.

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