- The source of the rumors noted that Klarna does not need any capital from an IPO, which makes direct listing an appealing prospect.
- Siemiatkowski declined to comment on the reports of a fresh raise. He also ruled out rumors of a SPAC deal, stating "No one has yet convinced me about why that would be a preferential route."
- The listing could come in 2021 but will more likely take place in 2022. Siemiatkowski noted that the process will only begin after Klarna’s new CFO Niclas Neglen is fully oriented.
- Investors have been anticipating the company’s debut for some time, making it one of the few European prospects on the horizon.
- Klarna most recently raised $650M in September from a group of investors led by Silver Lake. It was valued at $11B.
- Dig Deeper: Another Swedish company, Spotify, put direct listings on the radar in 2018. Check out this analysis of its process from Harvard.