Morgan Stanley, JPMorgan and Goldman Sachs set to secure top roles on fintech’s potential offering
Swedish payments fintech Klarna is lining up financial advisers for a long-awaited initial public offering in the US that will be among the most anticipated listings in recent years, according to people familiar with the matter.Morgan Stanley, JPMorgan and Goldman Sachs were in lead positions to secure top roles working on the potential listing of the ‘buy now, pay later’ pioneer, the people said.
Sebastian Siemiatkowski, Klarna’s co-founder and chief executive, told the Financial Times last year that the fintech company had all the requirements to go public, including having a sustainable business model and room to grow, but was waiting for better market conditions. “From an IPO perspective, the requirements have been met,” he said. “So now, it’s more market conditions. It’s more a question of us getting ready and prepar the organisation.
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