According to PANews, Swedish payment giant Klarna Group Plc is contemplating restarting its initial public offering (IPO) in New York as early as September. This decision follows a recent surge in fintech stock prices and strong performance by U.S.-listed companies. The digital payment company is intensifying preparations for the stock sale, although discussions are ongoing and specific details, including timing, have yet to be finalized.
Klarna initially filed for an IPO with the U.S. Securities and Exchange Commission in March, aiming to market its shares to potential investors. However, the plan was postponed after U.S. President Donald Trump announced widespread tariffs in April, causing market volatility. Recently, Klarna has repositioned itself as a digital bank, offering a range of services from checking and savings accounts to credit and debit cards.
In February, Klarna's CEO expressed the company's and individuals' willingness to embrace cryptocurrency.