By Charlie Conchie
London (Reuters) – The next Klarna’s initial public public offer could help unlock a British Fintech flutation pipeline after a sterile period for new technology lists, investors, lawyers and a manager in Reuters.
Klarna, whose head office, is best known for its Buy-Now Pay-Later products, publicly deposited on the New York Stock Exchange at the start of the month in her second attempted rating on public procurement in four years.
He had turned to the IPO in 2021, after drawing an evaluation of $ 5.5 billion at $ 45.6 billion in three financing rounds. But investors have embittered technological companies as interest rates have increased and economies stammered, and the company was forced to reduce its evaluation to $ 6.7 billion during fundraising in 2022.
Now it is back and could be worth at least $ 15 billion in an IPO likely to be assessed in the first half, a person who has knowledge of the plans said.
“Any successful IPO of a large -scale company in the sector will be a catalyst for others to consider an IPO as a strategic growth and / or liquidity option,” said James Wootton, partner of Linklaters, who advised the money transfer company on its 2021 list in London.
At the top of a boom for collecting post-pandemic funds in 2021, 101 Fintech companies collected 296.86 billion dollars via grant on the world’s stock market markets, according to Pitchbook data, compilted for Reuters. But between 2022 and 2024, only 86 companies raised $ 32.76 billion via the stock exchange.
Klarna’s plans have fueled hopes for resurgence.
“It is quite clear that the market is turning to Klarna as Bellwether for future IPTRS on Fintech stock exchange, many of which are in a long pipeline,” said Tim Levene, general manager of the Fintech Investment Fund in London Augmentim.
“We hope Klarna is the first of many to list, which will prove to be a positive data point for the rest of the market.”
Wait in the wings
Challenger Banks Monzo and Starling, as well as Zilch and Ebury payment companies, are among the fintech companies that plan to please enumerating at some point in the future, sources close to companies have told Reuters.
Zilch, which offers a product for competing purchase in Klarna, is currently aimed at floating in 2026, his head of management told Reuters Philip Bélamant.
“Klarna’s IPO will be an important moment for the Fintech sector, and we will closely monitor,” he said, adding that a successful IPO could “prepare the ground for greater confidence in investors in the European financial forces who become public”.
Ebury, a payment company based on Spanish belonging to Banco Santander, is preparing for a registration in London by June at the earliest, said a person familiar with the knowledge of his plans.
