Buy now, pay later provider Klarna is edging closer to appointing a lead bank ahead of its anticipated IPO in the US.

Klarna press image

Klarna is close to choosing Goldman Sachs to lead its US listing 

Sources familiar with the situation said Klarna is close to choosing Goldman Sachs to lead the company’s US listing on the New York Stock Exchange next year, according to Bloomberg.

They added that deliberations are ongoing and details of the IPO could still change, with the possibility that other banks are added to the line-up.

Klarna and Goldman Sachs declined to comment.

This comes after the Financial Times reported last month that the Swedish payments fintech company was looking at Goldman Sachs alongside Morgan Stanley and JP Morgan as potential partners for the listing.

It is also understood that Klarna is in talks with investors in regards to a sale of existing shares that would come before the anticipated IPO.

Sources said Klarna had considered seeking a valuation of around $20bn (£15.5bn) in the IPO.

The news comes after Klarna reported an increase in revenues and profits during the first quarter.

In its latest trading update, Klarna hailed the success of its US business as it continues to “grow and grow”.