Klarna — a new futures on the UTEX exchange Klarna pre-IPO fu | UT Token

Klarna — a new futures on the UTEX exchange

Klarna pre-IPO futures’ trading has started on the UTEX exchange. The futures expire on the 200th day after its IPO or otherwise entering the public market.

This company was founded in 2005 in Sweden and evolved into an alternative to banks for retail consumers. The main service is an app for making purchases on credit, which is integrated into online stores. Today, Klarna is a global payment system used by more than 85 million private customers and 200 thousand major online stores: H&M, IKEA, Samsung, Asos and others.

Klarna is operating in a promising online retail market that, as projected by eMarketer, will grow from $3.4 trillion in 2019 to $5.8 trillion in 2023. Moreover, according to the Worldpay report, customers are increasingly prefer buying goods online based on the principle "buy now, pay later".

Over the years of its operation, Klarna has raised $3.1 billion of investment. The last investment round took place in March 2021: Klarna received $1 billion at a valuation of $31 billion. Currently the company's total valuation on the OTC market is $40 billion, with a single share price of $1606.

Klarna revenue in 2020 was $1.3 billion, and the company grows by an average of 40% annually. The company's gross margin is at a high level of 70%. The main driver of the company is the growth of revenue and margins in new regions (USA, UK and others). The projected equity value of Klarna on the public market will be $65-75 billion provided the current growth trajectory is maintained. The expected date of listing on the exchange is late 2021 - early 2022.

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