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.

Swedish payments firm Klarna made public its paperwork for an initial public offering in the U.S. on Friday, months after confidentially filing with regulators for the much-anticipated listing. Klarna,

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.