Klarna is reviving plans for a U.S. initial public offering in September and is seeking a valuation of between $13 billion and $14 billion, according to people familiar with the matter. The Swedish buy-now-pay-later provider aims to raise close to $1 billion, with shares expected to be priced at $34 to $36 as early as this week. The proposed valuation represents a steep decline from the nearly $50 billion the company was pursuing during the 2021 market boom and is below the more than $15 billion level discussed earlier this year. Klarna halted its float in April after President Donald Trump’s 145% tariff on Chinese goods unsettled global equity markets, but the recent rebound in U.S. listings has encouraged the company to return. Klarna reported second-quarter revenue of $823 million, a 20% increase from a year earlier, while adjusted operating profit rose to $29 million. Active customers climbed 31% to 111 million. Management is betting that sustained growth and improved profitability will offset investor concerns about the slower path to earnings typical for buy-now-pay-later businesses.