Klarna’s IPO targets $15‑20B, slashing valuation after $46B peak
Klarna’s S‑1 shows an IPO valuation of $15‑20 billion, a steep fall from its $46 billion private‑market peak, even as it posted its first profit of $21 million on $2.8 billion revenue. The filing tests the waning appetite for BNPL and forces investors to reassess the fintech’s broader finance platform.