Klarna Group plc, the global digital bank and flexible payments provider, annonced the launch of its initial public offering of 34,311,274 ordinary shares, of which 5,555,556 ordinary shares are offered by Klarna and 28,755,718 ordinary shares are offered by certain selling shareholders identified in the registration statement on Form F-1 (the “Registration Statement”) related to the proposed offering.
In line with this, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 5,146,691 ordinary shares to cover over-allotments.
Klarna will not receive any proceeds from the sale of ordinary shares by the selling shareholders. The initial public offering price is currently expected to be between USD 35 and USD 37 per ordinary share. Klarna has been approved to list its ordinary shares on the New York Stock Exchange under the symbol “KLAR.”
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offering may be obtained for free by visiting EDGAR on the U.S. Securities and Exchange Commission’s (the “SEC”).
The Registration Statement relating to the proposed offering has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the Registration Statement becomes effective.
