Klarna Considers Secondary Sale to Boost IPO Prospects
Hey FinTech Fanatic!
Klarna, the Swedish “buy now, pay later” firm, is preparing for a major IPO next year. Before that, it is exploring a secondary share sale to see if investors value it above its last valuation of roughly $7 billion.
Goldman Sachs is advising the company on this potential share sale, which could value Klarna at $10 billion or more.
Klarna’s secondary sale would allow it to establish a new valuation ahead of its IPO. The company had a peak valuation of $46 billion in 2021, which dropped by 85% the following year.
BlackRock, a major investor, has increased the value of its Klarna shares by 59% since last year, valuing the company at $9.5 billion. This secondary sale could help ease pressure on current shareholders before the IPO.
Other tech firms, such as British FinTech Revolut, are also preparing for IPOs and conducting secondary sales.
A higher valuation from this sale would enhance Klarna’s reputation after recent internal conflicts within its board, leading to leadership changes.
Cheers,
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4 个月Let's explore the strategic use of secondary share sales by leading digital banks like Monzo, Revolut, and Klarna, detailing how these moves provide not just liquidity but also stability in volatile markets: https://www.dhirubhai.net/posts/marcelvanoost_lets-explore-the-strategic-use-of-secondary-activity-7254750647181340672-Wo3p?utm_source=share&utm_medium=member_desktop?
Thanks for sharing the news about our open banking integration with Moneyhub, Marcel van Oost ??
The self proclaimed, most influential person in payments. Except for Jack Dorsey or those two bros from that other company & definitely not Satoshi Nakamoto, but after all those guys it's me.
7 个月Incredibly insightful updates. Thank you for keeping us informed.
Head of Digital Financial Services at Finance House | Fintech Strategy Expert | ePayment & Open Banking Pioneer | Driving Digital Transformation & Market Expansion
7 个月The launch of Apple Pay in the Dominican Republic and Bitstamp's partnership with Stripe are particularly notable. Thanks for sharing Marcel
Your ultimate guide to the future of banking.
7 个月Klarna's consideration of a secondary sale to boost its IPO prospects is a significant move in the FinTech space. As the company navigates the challenges of going public in a volatile market, a secondary sale could provide the liquidity and investor confidence needed to make a successful debut. This strategy highlights Klarna's adaptability and underscores the increasing complexity of the FinTech IPO landscape. With global markets being unpredictable, Klarna’s approach could set a precedent for other FinTech companies eyeing the public markets.