Chrysalis Boosts Klarna Valuation as IPO Prep Intensifies
Hey FinTech Fanatic!
Today, I'm diving into some big news on Klarna. Shareholder Chrysalis Investments Ltd recently marked up its stake in Klarna to an impressive £120.6 million, up from £100.3 million in the previous quarter. This increase gives Klarna an implied valuation of around $14.6 billion, according to Deutsche Bank analysts.
This move was fueled by share price gains among Klarna’s listed competitors like Affirm and PayPal, which have surged 145% and 59% in the past year. Klarna’s valuation, while rebounding from a $6.7 billion low in 2022, is still well below the $45.6 billion peak it reached in 2021. Yet, Chrysalis is optimistic, saying, “We are also expectant of a Klarna IPO in due course, the next potential window for this appears to be the first half of 2025.”
Meanwhile, Klarna’s boardroom saw a recent shake-up as Mikael Walther was ousted following clashes with leadership. Despite the internal turbulence, the company is actively preparing for a public debut, eyeing a potential $20 billion valuation at IPO.
What’s your take on Klarna’s trajectory? Let’s discuss it in the comments and if you’re interested in reading a bit about what’s been happening in FinTech, keep scrolling!
Cheers,
#FINTECHREPORT
📊 There were an estimated 𝟱.𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 Pix transactions in Sept 2024 - 41% more than Sept 2023 🤯
Let's dive into more mind blowing info & Stats by reading the full report by Matera
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