Klarna chooses New York over London for much-anticipated IPO

US filing by one of world’s largest buy now, pay later firms seen as another blow to London Stock Exchange

The buy now, pay later company Klarna has filed for a much-anticipated flotation in the US, a move that marks another blow for the London market.

The Swedish fintech firm confirmed on Wednesday morning that it had “confidentially submitted” an application to the US Securities and Exchange Commission “relating to the proposed initial public offering of its ordinary shares”.

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