Pedestrians run by an advertisement for Clarna.
Daniel Harvey Gonzalaz | Getty in pictures through images
Now Clarna, a provider of the purchase, later paid the loan, filed his IPO prospectus on Friday, and planned to go publicly to the New York Stock Exchange under Tikar Symbal Clar.
Clarna, headquartered in Sweden, has not yet disclosed the number of shares or the expected price limit.
The decision to go publicly in the US is a significant shock for European stock exchanges, which have struggled to maintain homegron tech firms. Clarna CEO Sebastian Ciemiytcovsky indicated for years that an American listing was more likely to cite better visibility and regulatory benefits.
Clarna continues to rebuild after a dramatic recession. Once an epidemic-era’s darling gave a price of $ 46 billion in the SoftBank-led funding round, Clarna reduced its evaluation by 85% in 2022, which increased to $ 6.7 billion in its most recent primary funds. However, analysts have now estimated the evaluation of the company in the $ 15 billion range, affected by the return to profitability in 2023.
Last year, revenue rose by 24% to $ 2.8 billion. The company’s operational loss for the year was $ 121 million, and the adjusted operating profit was $ 181 million, which was swinging by $ 49 million a year ago.
Clarna is the latest company filed for an IPO as tech companies look historically to hit the public market after a slow stretch for new offerings. Earlier this month, Korvave, a provider of Cloud-based NVDia processors for companies, including Meta and Microsoft, filed its prospectus.
Cloud software seller Servicetan hit the market in December, earlier marked important enterprise-supported tech IPO Rubric Debut in April. A month ago, reddit Started trading at New York Stock Exchange. There have not been many other technical IPOs of the note in the US since the end of 2021, when increase in interest rates and inflation dropped rising investors from risky assets.
Established in 2005, Clarna is best known for its purchase, later paid, a service that allows consumers to divide shopping into installments. Companies compete with VoiceWhich became public in 2021, and later, which block Early 2022 was acquired for $ 29 billion. Clarna’s key shareholders also include Venture firms Seawia Capital and Atomico. Softbank Vision Fund.
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