Swedish fintech Klarna is preparing for a fresh attempt at a public flotation in New York after initial plans were scuppered by market turmoil following President Donald Trump's tariff offensive.
The buy now, pay later (BNPL) behemoth is targeting a launch on the US stock exchange in September or October, contingent on favourable market conditions, as reported by .
The precise timing, whilst remaining under consideration, is anticipated to occur well ahead of year-end.
A memorandum, obtained by Sky News, revealed finance chief Niclas Neglen informing investors that the fintech's "intention to list remains firm".
"We're closely monitoring market conditions and will move swiftly when the timing aligns," Neglen added.
The forthcoming US flotation compounds the London Stock Exchange's delisting troubles.
Only this morning, London-listed Just Group was acquired by Canadian asset manager Brookfield Wealth Solutions, setting up another departure.
The listing would mirror US fintech Chime's triumphant IPO in June, where shares soared 59 per cent above its $27 offering price.
Klarna submitted its IPO paperwork with the US Securities and Exchange Commission in March and was readying a flotation but shelved plans amid market instability sparked by Trump's 'Liberation Day' levies.
Klarna beyond BNPL
Klarna's renewed US listing bid comes after the fintech secured approval from the Financial Conduct Authority to be authorised as an Electronic Money Institution (EMI). The new licence enables the company to provide savings accounts to its 11 million º£½ÇÊÓƵ customers whilst also clearing the path for a debit card rollout.
The business has sought to broaden its portfolio beyond its core buy now, pay later service over the past year.
It posted a net loss of $99m for the first quarter of 2025 following a spike in defaulted loan repayments.
Consumer credit losses exceeded $136m – representing a 17 per cent increase. The share of unpaid loans – its credit loss rate – climbed to 0.54 per cent from 0.51 per cent.
The fintech unveiled "Klarna Plus" subscription offerings in an attempt to intensify rivalry within the growing BNPL sector and recently revealed physical cards – a move that competitor Zilch has similarly adopted.
