In April of this year, we warned investors to avoid the Klarna ( KLAR ) IPO. A few days after our report, the company paused its plans for an IPO due to volatility induced by President Trump’s “Liberation Day”.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no busin ...

Six companies are set to go public the week of Sept. 8. Buyers should be careful: Both Circle and Figma have pulled back after big IPO pops. ...

回顾：上周3只新股上市，共募集资金约4.2亿美元。 Fitness Champs Holdings (FCHL)以每股4美元，发行了375万股，募集了1500万美元。 2只SPAC Spring Valley Acquisition III (SVACU)、GSR IV Acquisition (GSRFU)各募集了2亿美元。 此外，13家公司递交招股书，其中3家来自中国，分别是：开普勒(KPL)、奥丁丁(OWLS)(IPO速递丨2家中企赴美IPO 拟纳斯达克上市)、SPAC Miluna Acquisition(MMXTU )(IPO速递丨SPAC Miluna Acquisition 赴美IPO 拟纳斯达克上市)。 本周，暂有6家公司计划上市，募资规模均在亿美国之上。具体如下： 1、金融科技——Klarna Group plc 计划上市时间：2025年9月10日 交易所：NYSE 股票代码：KLAR 财务数据 2025上半年，Klarna营收15.24亿美元，上年同期13.25亿美元，相应的净亏损分别为1.52亿美元、3100万美元。 2、贷款平台——Figure Technology Solutions ...

瑞典金融科技巨头 Klarna，美股代号（KLAR ）即将登陆纽交所。 这家公司曾在"先买后付"（BNPL）的风口上被资本疯狂追捧，2021年估值一度飙升至456 亿美元，但短短几年，风口散去，监管收紧、利率高企、竞争 激烈，Klarna 的估值一路缩水，如今带着仅剩 140 亿美元的身价重返资本市场。 它的 IPO，不只是 Klarna 的命运节点，更像是对整个 BNPL 行业的一次"终极压力测试"：在严苛的金融环境下，这种模式能否真正跑出可持续的盈利？ 还是说，它注定只是资本泡沫的泡影？ 美股投资网团队成立于美国硅谷，投入超百万美元招聘哈佛、清华、北大的数据科学研究员，以及谷歌Meta工程师，从2008年开始就专注于打造可媲美 高盛、摩根士丹利等华尔街投行级别的AI量化软件工具，并免费开放给全球美股投资者使用，只需登录官网 StockWe.com 美国热线电话 626 378 3637 Klarna 公司概况 Klarna 成立于 2005 年，总部位于瑞典斯德哥尔摩。过去近二十年间，它已从一家 BNPL 服务商，成长为覆盖支付、储蓄账户、借记卡和即时支付的金融 科技平台。 根据 2024 年底的数据，公 ...

Core Viewpoint - Klarna aims for a valuation of $14 billion in its upcoming IPO, significantly lower than its peak valuation of $45.6 billion in June 2021, representing a 69% decline, but still above its 2022 low of $6.7 billion [3] Group 1: Business Model and Strategy - Klarna operates as a buy now, pay later (BNPL) service, where merchants pay Klarna for increased conversion rates and larger order values, unlike traditional banks that charge credit card fees [6] - The company has focused on cost-cutting and strategic adjustments in response to economic pressures, including rising inflation and tariffs [3][10] - Klarna's revenue for the six months ending June 2025 increased by 15% to $1.52 billion, but it reported a net loss of $152 million, a 390% increase in losses compared to the previous year [9] Group 2: Competitive Landscape - Klarna faces intense competition from other BNPL providers such as Affirm, AfterPay, Block, and PayPal, with its quarterly revenue growth of 21% lagging behind Affirm's 33% growth [11] - Affirm's business model, which includes interest-bearing loans and a high rate of repeat customers, contrasts with Klarna's approach, which does not report repeat customer revenue [12][13] Group 3: Customer Service and Technology - Klarna's reliance on AI for customer service has led to dissatisfaction among users, prompting the company to reconsider its strategy of replacing human roles with AI [14][19] - The company previously claimed significant cost savings through AI but has since acknowledged the importance of human interaction in customer service [15][18] Group 4: Future Outlook - There is skepticism regarding the attractiveness of Klarna's IPO shares, with analysts suggesting a wait-and-see approach until the company demonstrates its ability to meet investor expectations post-IPO [4][20]