Klarna plans to sell 5.6 million shares in the offering, and selling holders — including executives, co-founder Victor Jacobsson, entities related to Sequoia Capital and Danish billionaire Anders Holch Povlsen’s Heartland A/S — are set to offer 28.8 million shares. The IPO is expected to price Sept. 9, according to terms of the deal seen by Bloomberg News.
Klarna Group Plc and some of its shareholders are seeking to raise as much as US$1.27 billion ($1.64 billion) as the financial-technology company revives a New York initial public offering that was delayed earlier this year amid market volatility.
The company and some of its backers are offering 34.3 million shares for US$35 to US$37 apiece, according to a filing Tuesday with the US Securities and Exchange Commission. At the top of the range, the company would have a market value of about US$14 billion based on the outstanding shares listed in the filing.
