Klarna Readies US IPO With Valuation Recovering From Plunge (2)

Swedish payments firm Klarna Group Plc has filed for an initial public offering in the US, ending months of speculation that the company was readying a stock market listing.

Klarna confidentially submitted a draft registration statement to the Securities and Exchange Commission regarding the IPO, it said in a statement. The number of shares to be offered and the price range have not yet been determined.

The company is working with Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley to arrange the IPO that’s expected next year, according to people familiar with the matter. Representatives for ...