Klarna’s IPO filing: a FinTech turnaround story at the crossroads of profitability and scale 🔔🛍️
FinTech is Eating the World, 18 March
Hey Everyone,
Good morning & happy Tuesday! Today’s issue is a very special one as we’re taking a deep dive into Klarna’s IPO prospectus (breaking down the 396-page S-1 filing, uncovering key facts and figures, why they matter, and what’s next for the FinTech giant post IPO + more bonus reads inside). So without further ado let’s jump straight into the good stuff 🌶️
Klarna’s IPO filing: a FinTech turnaround story at the crossroads of profitability and scale 🔔🛍️
The BIG News 🔥 Swedish Buy Now, Pay Later giant Klarna just filed its IPO prospectus on Friday and plans to go public on the New York Stock Exchange under the ticker symbol $KLAR. Finally 👏
In short, Klarna's S-1 filing reveals a company at an inflection point, having orchestrated a significant turnaround over the past two years. After weathering substantial losses, the FinTech leader has returned to profitability, posting a net profit of $21 million in 2024, a dramatic 109% improvement from its $244 million loss in 2023.
This shift is particularly impressive given the company's 2022 net loss of over $1 billion. Well done!
Let’s take a deeper dive into Klarna’s 396-page S-1 filing, uncover key facts and figures, see why they matter and what’s next for the FinTech giant post IPO.
