Klarna said it could raise as much as $1.46bn as it launched its long-awaited initial public offering on 2 September.

Klarna, a specialty lending and online payments provider, said 34.3 million ordinary shares will be offered, with the potential for a further 5.1 million shares offered in an over-allotment option. Shares are expected to be priced at between $35 and $37 each.