Klarna, which reshaped online shopping by pioneering the short-term financing model, did not disclose the size of its proposed offering. Media reports suggest it could aim to raise more than $1 billion at a valuation exceeding $15 billion.

Swedish fintech company Klarna on Friday reported a 24% 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.

The Swedish institution is best known in the U.S. for its buy/now pay later lending. Its New York listing will be a bellwether for the payments technology industry, which is recovering from a post-pan