After the U.S. government’s tariffs plan scared off several companies earlier this year, a flurry of startups announced Tuesday that they plan to take the IPO plunge.
Five companies in total kicked off their roadshows: Klarna, Figure, Gemini, Legenc...
After the U.S. government’s tariffs plan scared off several companies earlier this year, a flurry of startups announced Tuesday that they plan to take the IPO plunge.
Five companies in total kicked off their roadshows: Klarna, Figure, Gemini, Legence and Black Rock Coffee Bar. Their plans come as the IPO market shows signs of warming up in the second half of 2025.
Perhaps the most eagerly anticipated of the bunch is Klarna, which started out offering buy now, pay later services and has since expanded its business model. The company, founded in 2005, has raised nearly $6.2 billion in funding from investors such as Sequoia Capital, General Atlantic and Silver Lake, with Santander adding $1.63 billion to that total in a debt financing in August.
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Illustration: Dom Guzman
