“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023.
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Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top of its corporate structure, in a symbolic move that paves the path for an eventual listing.
A Klarna spokesperson confirmed to CNBC that the Stockholm-based business, which lets shoppers defer payments over a period of instalments, has begun a legal entity restructuring to set up the holding company.
Preparations for the new company have been agreed with some of Klarna’s largest shareholders, including Sequoia and Heartland, the spokesperson said.
The Klarna spokesperson said that the move was a precursor to a fo…
Read the full article at: https://www.cnbc.com/2023/11/06/klarna-sets-up-uk-holding-company-in-move-toward-ipo.html