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Investing.com-- Klarna is preparing to file for a U.S. initial public offering by as soon as next week, Bloomberg reported on Thursday, with the Swedish fintech giant looking at an over $15 billion valuation.
Klarna is looking to price the IPO in early-April, the Bloomberg report said, citing people with knowledge of the matter. The company is also exploring an expansion into crypto, the Bloomberg report said.
Klarna- whose main business is buy now, pay later services- is one of Sweden’s “five unicorns”- startups that have seen exponential growth in valuations with investments from international investors. The other four are Spotify (NYSE:SPOT), Mojang, Skype, and King.
Klarna was founded in 2005 and has since courted investments from Dragoneer, Commonwealth Bank of Australia (OTC:CMWAY), Ant Financial- the payment unit of China’s Alibaba (NYSE:BABA), as well as Softbank’s Vision Fund.
Venture capitalist Sequoia Capital holds a roughly 22% stake in the firm.