Media reports indicate that Klarna is currently weighing financial advisers for its initial public offering (IPO) in the United States.

Journalists, citing insiders with knowledge of some of the company’s so-called behind-the-scenes activities, claim that Goldman Sachs, JPMorgan Chase, and Morgan Stanley were the top contenders to advise the Swedish fintech firm.

Klarna, which is a pioneer in the Buy Now Pay Later (BNPL) area, could go public in the first half of next year. The relevant information was published by the media with reference to insiders.

A spokesperson for Klarna, during a conversation with reporters, did not comment on insider data about a possible IPO next year.

The company was last valued at $6.7 billion in 2022. This figure was recorded as part of a financing round that was significantly discounted due to external circumstances such as rising interest rates and a sharp decline in the price of shares of technology firms. It is worth noting that in 2021 Klarna was valued at $46 billion. At that time the company was the most valuable startup in Europe.

Insiders say Klarna and its advisers are confident that the IPO market will demonstrate a recovery tendency in 2025. It is worth noting that the last few years have been a difficult period for the mentioned market.

In 2023, Sebastian Siemiatkowski, Klarna’s co-founder and chief executive officer, during a conversation with media representatives, said that the company is ready to go public, having a sustainable business model and growth opportunities, but is waiting for improved market conditions.

The fact that BNPL is becoming increasingly popular is a positive circumstance for Klarna. The payment industry is currently experiencing active development. For example, nowadays there are many B2B, B2C, C2C examples. The fintech industry is on a trajectory of progress.

As we have reported earlier, Klarna’s Internal AI Assistant Answers 2,000 Employee Questions Daily.