Swedish fintech Klarna filed registration documents with the U.S. Securities and Exchange Commission ahead of its widely anticipated initial public offering.The buy-now-pay-later payments specialist said Wednesday that the number of shares to be offered and the price range for the proposed offering haven’t yet been determined.

Payments firm Klarna began the process of going public for a second time in three years despite a sharp drop in its valuation, making it the largest Swedish company to float its shares in the U.S. since Spotify's listing in 2018.

Swedish fintech company Klarna said it has filed for a long-anticipated initial public offering (IPO) in the U.S.

Klarna has confidentially submitted an F-1 filing with the SEC for an IPO but provided no details about the number of shares to be offered or their price.

Klarna said the date of its IPO is subject to market conditions and an SEC review, and that it has not yet determined the price range.

The Swedish 'buy now pay later' company began the process for a stock market listing with the Securities and Exchange Commission.

The company US market performance was particularly strong, with revenue growth of 38%. Klarna has been actively expanding in the US while simultaneously streamlining operations to