IPO - Klarna Group plc

Form Type: F-1

Filing Date: 2025-03-14

Corporate Action: Ipo

Type: New

Accession Number: 000162828025012824

Filing Summary: Klarna Group plc is filing this Form F-1 registration statement for an initial public offering (IPO) of its ordinary shares. The company is incorporated in England and Wales and has undertaken a corporate reorganization, transitioning from Sweden to the UK. The IPO will offer ordinary shares along with additional shares from selling shareholders; Klarna will not receive proceeds from the latter. There are plans to list the shares on the New York Stock Exchange under the symbol 'KLAR'. The document outlines a share split that was implemented prior to the offering, details the corporate structure post-offering with two classes of shares, and describes the nature of investor risks. As of the end of 2024, Klarna reported approximately 93 million active consumers and 675,000 merchants, with substantial gross merchandise value (GMV). The prospectus emphasizes Klarna's growth strategy and consumer-focused products, as well as its competitive advantages in the financial service market. Restrictions concerning the delivery of offers and distributions in non-permitted jurisdictions are also noted. The underwriters involved in the offering have been named and an option for oversubscription has been provided for them as well. All figures and financial measures must be understood in the context of Klarna's unique operational model and market positioning.

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Form Type: DRS/A

Filing Date: 2025-02-25

Corporate Action: Ipo

Type: New

Accession Number: 000162827925000073

Filing Summary: Klarna Group plc is filing this DRS/A as Amendment No. 3 to its draft registration statement on February 25, 2025, as it prepares for its initial public offering (IPO). This document indicates that it has not been publicly filed with the SEC and remains confidential. The IPO marks the company's transition from a private entity to a publicly traded company, allowing it to offer ordinary shares for the first time. The offering will comprise both shares offered by the company and shares offered by selling shareholders, and an application will be made to list the shares on the NYSE under the symbol 'KLAR'. Significant details about the share structure include the issuance of Class B shares which grant enhanced voting rights and potential Class C shares exclusively for key executives. The document highlights Klarna's historical achievements, including reaching approximately 93 million active consumers and facilitating over $105 billion in gross merchandise volume by the end of 2024. Furthermore, it outlines various financial risks and procedural requirements for the effective date of the registration statement, along with key underwriters for the IPO.

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Form Type: DRS/A

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: New

Accession Number: 000162827925000026

Filing Summary: Klarna Group plc is conducting an initial public offering (IPO) of ordinary shares, as detailed in their confidential DRS/A form submitted as Amendment No. 2 to their draft registration statement. The company aims to offer a significant number of ordinary shares, facilitated by selling shareholders, with an estimated IPO price range yet to be determined. Klarna plans to list shares on the New York Stock Exchange (NYSE) under the symbol 'KLAR'. The offering is essential for transitioning from a private to a public entity, and while the filing details are kept confidential per SEC regulations, the document outlines that no proceeds will be received by Klarna from shares sold by shareholders. A robust backing is indicated by an extensive consumer base of approximately 84 million and over 550,000 merchants. Klarna’s innovative payment solutions and growth strategy emphasize flexibility and security, which enhances its positioning in the global commerce network.

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Form Type: DRS/A

Filing Date: 2024-12-23

Corporate Action: Ipo

Type: New

Accession Number: 000162827924000428

Filing Summary: Klarna Group plc is filing an amendment to its draft registration statement for an initial public offering (IPO) of ordinary shares. The registration indicates a proposed sale of shares, with the timeframe for the sale expected after the effective date of the statement. As a foreign private issuer, Klarna will comply with reduced disclosure rules. The document outlines that prior to the IPO, there has been no public market for the company's shares and estimates the initial offering price to be determined. It mentions a share split and refers to the company’s reorganization from Sweden to the U.K., as well as its plans for listing on the New York Stock Exchange under the symbol 'KLAR'. The prospectus highlights Klarna's expansive market presence, innovative payment solutions, and focus on consumer empowerment in financial transactions, while outlining risks and the nature of their financial statements and measures. There are provisions for underwriters to purchase additional shares, and the company will not receive proceeds from shares sold by selling shareholders. The registration remains confidential and has not yet been publicly filed.

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Form Type: DRS

Filing Date: 2024-11-13

Corporate Action: Ipo

Type: New

Accession Number: 000162827924000371

Filing Summary: Klarna Group plc is in the process of its initial public offering (IPO) for ordinary shares on the New York Stock Exchange under the symbol ‘KLAR’. The offering will consist of ordinary shares offered by the company and additional shares by selling shareholders, with the company not receiving any proceeds from the latter. There has not been a public market for these shares prior to this offering, and the estimated initial offering price per share remains unspecified. Klarna recently underwent a corporate reorganization, redomiciling its parent company from Sweden to the U.K. The registration statement includes precautionary measures regarding forthcoming financial disclosures and risks associated with the offering. Key underwriters for the IPO are Goldman Sachs & Co. LLC, J.P. Morgan, and Morgan Stanley. The document emphasizes the preliminary nature of the information contained and the need for a public filing of the registration statement before any sale of shares can occur.

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