The listing would be a significant boost to the subdued IPO market and could value Klarna at as much as $15bn. The listing will be closely watched by fintech investors hoping that the sector can emerge from a funding drought driven by higher interest rates.

Klarna Group Plc has filed for a U.S. initial public offering at a weak moment for company debuts, though the fintech player thinks it can offer investors more than just its buy-now-pay-later products.

Swedish fintech company Klarna on Friday reported a 24 per cent surge in 2024 revenue, as the buy now, pay later pioneer made public its paperwork for a long-awaited stock market debut in the U.S. Fintech listings soared in 2021 but lost momentum due to rising interest rates and steep valuations.