Klarna may seek $20B valuation in IPO that could come in Q3, Bloomberg says

Swedish fintech company Klarna Bank AB is moving forward with plans for a potential U.S. listing that could be one of the largest listings this year, people familiar with the matter told Bloomberg’s Dinesh Nair, Amy Or and Swetha Gopinath. The Stockholm-based buy-now-pay-later, or BNPL, giant has recently started having detailed talks with investment banks to work on an initial public offering that could happen as early as the third quarter and is considering seeking a valuation of around $20B, the report said. Publicly trading BNPL providers include Affirm (AFRM) and Block’s (SQ) Afterpay.