Swedish fintech Klarna has further delayed its long-awaited IPO to late 2025, according to reports.
Last month, the BNPL (buy now, pay later) giant put plans for a public float on the New York Stock Exchange on hold, with reports putting the decision down to the market volatility unleashed when US president Donald Trump imposed a punishing set of tariffs on trading partners around the world.
While the revised timeline for Klarna’s IPO was never confirmed, Swedish business outlet Dagens Industry now reports the company is planning to wait until after the summer, citing multiple people familiar with the situation.
“Klarna’s management wants to see greater support and momentum,” the site quotes one source close to the company as saying.
It comes days after Sifted exclusively reported German climate startup 1Komma5, another European unicorn, had discussed delaying its long-awaited IPO until after the next US election in 2028.
Experts previously told Sifted it may be some time before Klarna and other late-stage startups get back on track.
“The IPO window is as closed as it can be. Right now, you simply can’t price a company,” said Richard Goldman, chairman of the executive transaction group at the investment firm Redeye. “We’re in the eye of the storm. It’s a binary outcome.”
Klarna declined to comment.
