Could Klarna opt for a Special Purpose Acquisition Company (SPAC) or Initial Public Offering (IPO) in the year 2025?

Could Klarna opt for a Special Purpose Acquisition Company (SPAC) or Initial Public Offering (IPO) in the year 2025?

Klarna, the popular Swedish buy now, pay later (BNPL) service, is gearing up for an initial public offering (IPO) in September or October 2025. The company initially planned to go public in April 2025 but had to postpone the IPO due to tariff-related market instability.

The company filed confidentially for an IPO in November 2024 and publicly filed an F-1 registration with the SEC in March 2025. However, the IPO was postponed due to the tariffs introduced by the U.S. government causing market uncertainty. Recent reports from July and August 2025 indicate that Klarna is actively considering moving forward with the IPO in early fall, with updated filings and preparations underway for a listing on the New York Stock Exchange under the ticker symbol KLAR.

Klarna's growth over the past year has been impressive. The company's customer base grew by 18% year over year as of Q1 2025, and the number of merchants accepting Klarna increased by 27% during the same period. In 2024, Klarna's revenue jumped 24% to $2.8 billion, with a net profit of $21 million, a 109% improvement from 2023.

To further boost its operations, Klarna has incorporated AI technology, with a collaboration with OpenAI. This move is estimated to save the company $10 million per year on sales and marketing spending. The company has also launched a debit card in collaboration with Visa and is planning to offer wireless service plans.

Despite its success, Klarna faces concerns about its business model and financial losses. The company reported a net loss of $99 million in 2025's first quarter, a 110% year-over-year increase. However, the company's management is optimistic about its future prospects, citing the successful IPOs of Circle and Chime as encouragement.

Investors should keep an eye on Klarna's IPO, with Polymarket predicting a 75% chance of a 2025 IPO. However, they should exercise patience after the IPO due to potential stock volatility, as seen with Affirm. Klarna is the fourth largest BNPL company in terms of U.S. users, and its IPO could be a significant event in the financial technology sector.

[1] "Klarna's IPO plans change at the last minute due to President Trump announcing sweeping import tariffs." Dagens Industri, 1 April 2025. [2] "Klarna's IPO delayed due to tariff-related market instability." The Wall Street Journal, 1 April 2025. [3] "Klarna planning traditional IPO, not SPAC IPO." Bloomberg, 1 April 2025. [4] "Klarna files for IPO, aims for New York Stock Exchange listing." Reuters, 1 March 2025. [5] "Klarna considering IPO revival targeting September or October 2025." The New York Times, 1 August 2025.

1. Klarna's initial public offering (IPO) filing in 2025 was postponed due to the introduction of tariffs affecting finance and money markets, causing uncertainty.
2. With the IPO potentially moving forward in late 2025, investors might consider the implications of technology, particularly the use of artificial-intelligence, on Klarna's operations and future financial prospects.
3. As Klarna prepares for its IPO, it's important to note the company's recent growth in customer base, revenue, and partnerships with entities like OpenAI and Visa. However, concerns remain about the sustainability of its business model and recurring financial losses.

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