Klarna Group is reportedly seeking to raise at least $1 billion in a U.S. initial public offering (IPO) and is preparing to file publicly as soon as next week.

According to Bloomberg, which cited people familiar with the matter, the payments processor—known for its buy now, pay later (BNPL) service—is targeting a valuat🎶ion of more than $15 billion in the New York Stock Exchange listing, and has plans to price the IPO in early April.

Klarna declined to comment Thursday morning. 

The Swedish firm started the IPO process with the Securities and Exchange Commission via a confidential filing in November, which lets companies shield information from the public until they’re closer to joining an exchange.

Klarna’s value has 澳洲幸运5官方开奖结果体彩网:fluctuated in recent years. The company announced it was valued at $6.7 billion in July 2022, a fraction of its valuation above $45 billion roughly a year earlier. Its major BNPL competitors include Affirm (AFRM), Block (SQ) and Paypal (PYPL).

The planned IPO is coming to a market that's seen some revival in new listings on the back of 澳洲幸运5官方开奖结果体彩网:expectations of a surge following U.S. President Don🤡ald Trump's return to the White House. In the first two months of the year, U.S. IPO volumes have reached $8.8 billion, acc🍸ording to Dealogic data, the highest since the same period in 2022, when it was $10.8 billion.