Klarna Group says that it has submitted a draft Registration Statement on Form F-1 to the Securities and Exchange Commission (the SEC) relating to a proposed initial public offering (IPO) of its ordinary shares.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. The IPO is expected to take place after the SEC completes its review process, subject to market and other conditions.
[This could be the key to transforming Chrysalis’s balance sheet, funding capital returns to shareholders and funding new investments. Chrysalis’s share price is up 6.2% this morning, but is still on a 33% discount to the current NAV, and there is a good chance that the NAV will rise on the back of the IPO.]
CHRY : Klarna has filed for a US IPO, Chrysalis jumps
