Why Klarna IPO Valuation Fell 70% in Just a Few Years

Klarna is one of the biggest names in the world of online payments. Founded in Sweden in 2005, it promised a new way to shop: buy now and pay later. This idea caught on fast. Millions of people started using Klarna to shop without paying up front. The company grew quickly, and so did its value. At one point, Klarna was worth over $45 billion. But things have changed a lot since then. Now, as Klarna plans to go public with an IPO, its value has dropped by nearly 70%. This is a huge fall in just a few years.