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BREAKING: Klarna files for IPO in the US! Klarna has FINALLY begun its long-anticipated stock market flotation after filing its IPO documents in the US. There's no set price set but rumours have priced it at between $15bn - $20bn, a big drop from its 2021 valuation of $46bn, but an improvement on its $6.7bn valuation in 2022. The US was the expected location for its IPO, but nonetheless it's still disappointing for the European capital markets. If it goes well it could also pave the way for other big european fintechs to list in the US. Monzo and Revolut have both been focusing on US expansion which, if successful, could mean US IPOs. Klarna has narrowed its losses over the past year, and appears on track to return to annual profitability after recording £50m of adjusted profit in H1 2024. The date of the IPO is TBC, but curious to hear if people are keen to invest or avoid? Interested in hearing about best-in-class early stage startups? Sign up to my newsletter where founders pitch their startup in under 3 minutes to my community of VCs and Angels: https://lnkd.in/ekYzjAD9 #klarna #ipo #fintech

The Economist reports a rather grim outlook on the IPO market next year despite the big names being thrown in the hat: Stripe, one of the largest private companies yet to be listed, Klarna, Europe's mega fintech start up, and then Chinese superstars such as Ant Group, Bytedance, Lalatech, Shein and Xiaohongshu. The reason? The list is almost identical to the same conversation we had in late 2022, and then again in 2023. In 2021, IPO market globally reached $600 billion, then fell to $170 billion and $120 billion in years to come. In the first 10 months of 2024, the figure stands at $100 billion according to Dealogic. Read more: https://lnkd.in/euPfp36h #IPO #listing #global #market #stock

🌊 Fintech IPO surge 🌊 Who's making the next move? Fintech companies are charging toward going public, it’s reshaping the financial world as we know it. The IPO excitement is palpable, and here’s what you need to keep an eye on 🔎. Big players making big moves: 🦍 1️⃣ Revolut hits a $45B valuation milestone. 2️⃣ Airwallex reaches $500M in annualized sales, targeting an IPO by 2026. 3️⃣ Klarna reports a 22% jump in revenue growth 🏦. Stripe, Chime, and Starling Bank: all on the brink of going public. These companies are revolutionizing the future of finance, shaking up the industry in ways we’ve never seen before. Thrilled to be right in the center of the ecosystem at Spendesk ⚡ Huge thanks to Thomas Yeddou for the incredible visual of the fintech landscape. 🌍 Which giant will IPO next?

Check out this week’s article by PitchBook’s Rosie Bradbury on the recent rebound in Stripe’s paper valuation, reflecting how a surging stock market has improved the outlook for IPO hopefuls according to F-Prime Capital’s annual State of Fintech report, released this month. Rosie sat down with F-Prime Principal Abdul Abdirahman to talk Stripe’s long road to IPO, the resurgence in multiples for payments companies, and what publicly traded fintechs investors are watching closely this year. According to the report, Stripe and Plaid are anticipated to lead major IPOs in 2024 after both companies hired new CFOs, a telltale sign of #IPO readiness. “A lot of these companies have raised so much capital in private markets,” said Abdirahman, “it’s hard for me to imagine Stripe raising another $10 billion [privately].” Read the full piece linked below, and stay tuned for more insights into the fintech market's 2024 landscape! 💼💰 #Fintech #MarketInsights #InvestmentTrends #IPONews #TechNews #Investing #IPO #Finance https://lnkd.in/dz3-y2xe

🚀 The FinTech IPO Watch Begins! Klarna's confidential U.S. IPO filing has sparked buzz across fintech circles, raising the question: Is this the start of a fintech IPO resurgence? While firms like GoCardless, Airwallex, and Zopa remain cautious, industry leaders are keeping a close eye on market conditions for the right moment. 📊 With optimism growing around macro trends, interest rates, and reduced market volatility, experts predict the U.S. IPO market could gain momentum by 2025, paving the way for Europe in 2026. For now, fintechs are focused on building stronger businesses while watching for the "stars to align." What are your thoughts on the next wave of fintech IPOs? Let’s discuss! 💬 #TechBehindFinTech #FinTechIPO #KlarnaIPO #FinTechInnovation #VentureCapital 

Fintech unicorns are watching Klarna's debut for signs of when IPO window will reopen https://buff.ly/4fBF1OO Fintech unicorns are keenly observing Klarna's stock market debut for insights into when the initial public offering (IPO) window might reopen. This period is crucial for these high-value startups as they look to capitalize on favorable market conditions. Klarna's performance could serve as a bellwether, signaling to investors and companies alike about the viability of upcoming IPOs in the fintech sector. With many unicorns poised to enter the public markets, the success or challenges faced by Klarna could influence their strategic decisions. #FintechTrends #IPOWatch

Fintech unicorns are watching Klarna's debut for signs of when IPO window will reopen https://buff.ly/4fBF1OO Fintech unicorns are keenly observing Klarna's stock market debut for insights into when the initial public offering (IPO) window might reopen. This period is crucial for these high-value startups as they look to capitalize on favorable market conditions. Klarna's performance could serve as a bellwether, signaling to investors and companies alike about the viability of upcoming IPOs in the fintech sector. With many unicorns poised to enter the public markets, the success or challenges faced by Klarna could influence their strategic decisions. #FintechTrends #IPOWatch

Klarna, the Swedish buy-now, pay-later giant, has filed for its long-awaited U.S. IPO, signaling a positive shift in the tech IPO landscape after a slowdown in recent years. The company, backed by prominent investors like SoftBank and SilverLake, has seen a remarkable recovery, reducing its losses by 69% in 2023 and achieving its first quarterly operating profit in four years. This IPO, potentially valuing Klarna at up to $20 billion, marks a renewed optimism for venture-backed tech companies going public, especially as European IPO activity begins to rebound, with combined valuations rising to $13.8 billion in 2024. Klarna's success underscores the resilience of the tech sector and its potential for growth in the competitive U.S. market.

Fidelity Investments marked up its Stripe holdings to $24.59 per share at the close of 2023, a 32% jump from its August price, according to an annual report published last week. The rebound in Stripe’s paper valuation reflects how a surging stock market has improved the outlook for IPO hopefuls and provided some reprieve for the fund managers that have been forced to significantly write down their startup stakes in recent years. Despite the recent appreciation, Fidelity’s holding in the payments company is marked well below Stripe’s 2021 price, when it was valued at more than $41 per share. That year, Fidelity first invested in Stripe’s blockbuster Series H, a $600 million round at a $95 billion valuation. #investments #fintech #ipos #capitalmarkets #valuations #fundraising