Klarna Eyes US IPO Amid Ongoing Losses, Files for IPO in London

Klarna is planning a US IPO despite ongoing losses, with filings revealing a net loss of $0.8bn in 2021. The Swedish fintech firm's revenue increased by 30% to $1.1bn, but its losses have persisted due to high marketing and customer acquisition costs. Klarna is seeking to raise $1bn in the IPO, with Goldman Sachs, Morgan Stanley, and Citigroup set to underwrite the offering. The firm's valuation is estimated to be around $25bn.