Klarna has filed confidentially for a U.S. IPO, fueling discussions about a potential resurgence in fintech IPOs. The Swedish digital payments firm has not disclosed pricing, timing, or the number of shares. Fintech leaders remain cautious, emphasizing building strong businesses before pursuing public listings. Analysts observe improving market conditions, citing aligning factors such as macroeconomic stability and reduced volatility. Fintech CEOs see private markets as more favorable for growth, with broader IPO activity anticipated to increase by 2025-2026.