KEY TAKEAWAYS Fintech firm Klarna Group has filed its prospectus for a U.S. initial public offering, moving ahead with plans to list even as recession fears rattle the stock market.The company, founded in Sweden and redomiciled to the U.

While the number of shares and the price range for the IPO have not been disclosed, Klarna aims to raise over $1bn, as reported by Bloomberg. The Swedish company reported a net pr

The listing would be a significant boost to the subdued IPO market and could value Klarna at as much as $15bn. The listing will be closely watched by fintech investors hoping that the sector can emerge from a funding drought driven by higher interest rates.