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Viewsroom

Klarna tests the waters for a ‘normal’ IPO

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 3 April 2025

⏱️ 22 minutes

🧾️ Download transcript

Summary

The buy-now-pay-later firm is pushing through a still-thin pipeline toward a listing. Despite a high-tech sheen, it’s less tied to the big themes of the moment than recent disappointing offerings. In this week’s Viewsroom podcast, Breakingviews columnists debate its prospects. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Shopify. With Shopify, 2026 is the year you make it happen. It gives you the tools to build your dream store, online and in person. Plus with marketing built in, it'll help you reach exactly who you need to. Join the millions who've already made the leap, like Jim Shark and all birds, and ring in the new year with Shopify.

0:23.4

Sign up for your £1 per month trial at shopify.com.uk.

0:27.7

The views expressed on this podcast are those of the participants,

0:34.3

not of Rogers News.

0:39.8

If you see as a bank, then you do worry about the economic stuff.

0:44.8

The positive there, though, is that if you see it as a bank, it's going to work out, right?

0:48.8

You don't have to worry about whether climate is going to fail or not.

0:51.6

Banks have been in business forever and will continue to be in business forever.

0:58.1

Maybe this pitch that like we can lend money get cheaper and that we're going to lead us

1:03.4

to high growth will play out.

1:06.0

But they can just fall back on what banks have always done, which is just charge people more money for lending.

1:12.9

And in that sense, it's a cheaper, it's a safer IPO than, say, Corweave or some others.

1:22.3

What do you get when you stuff a burrito with the machinations of high finance?

1:26.7

Klanar, the Swedish firm that

1:27.9

let's shop is buy now and pay over a series of installments, including for takeout food

1:32.3

from New Partner DoorDash, is about to give investors a chance to find out.

1:36.4

Amid a rocky market for initial public offerings, with high-profile technology firm Corweave

1:40.3

and gas-exported venture global stumbling out of the gate, boss Sebastian Simikovsky's nonetheless seems to be pushing ahead for a long-sought listing

1:48.0

at a potential value of $15 billion, that Reuters reported.

1:53.0

That's a steep tumble from the $46 billion once awarded to the firm during the giddy post-pandemic era.

1:59.0

What its success or failure augurs for others waiting in the wings, and whether Klanah really

2:04.9

can make a claim to reinventing a tech-flavored form of credit is the subject of this week's

...

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