Klarna’s time has finally come.

After postponing its plans to go public earlier this year, Swedish fintech company Klarna will IPO on Wednesday. The company—known for its buy now, pay later services—along with some of its existing shareholders will offer more than 34 million shares, priced at $40 a piece. That could give it an overall value of around $15 billion.

That’s a fall from the lofty $46 billion valuation it fetched four years ago at the height of the pandemic-fueled buy now, pay later rush. But despite the haircut, the company is on less frothy ground, and many investors are waiting with bated breath for the stock to start trading a full 20 years after it was founded.

That includes Mattias Ljungman, cofounder and Managing Partner at Moonfire, who was one of the earlier investor

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