Klarna, the Swedish payment specialist, is preparing for a public offering with a target valuation exceeding $15 billion. This move follows a substantial decline in its valuation, which has dropped by 85%. The company currently boasts over 93 million active consumers and more than 675,000 merchant partners. As Klarna approaches its IPO, discussions are emerging regarding other venture-backed fintech startups that may follow suit. Klarna has been reporting its financial results in anticipation of the IPO, given its bonds listed on the Nasdaq Stockholm exchange, a practice that is also applicable in the U.S.