The company is promoting its use of AI, while warning investors its bet on the tech could be risky.

BY TEKENDRA PARMAR

Illustration: Inc.; Photo: Getty Images

The Swedish buy now, pay later company Klarna went public at a staggering $1.5 billion initial public offering. The company, which began its operations in 2005 and entered the U.S. market a decade later, released more than 34 million shares at around $35 to $37 a share. According to the company’s filings with the SEC, it has over 111 million active users and 790,000 merchants, and operates in 26 countries. Inc. reviewed its initial public offering filings. Here are the main takeaways from its public filing. 

Klarna says it was most profitable when it was a Europe-only enterprise. “We remained profitable for the first 14 years as we scaled our operations in Europe,” the company wrote in its F-1 filing, the form foreign companies use to be listed on the New York Stock Exchange or Nasdaq. The company incurred $152 million in losses........

© Inc.com