Klarna Group Plc filed publicly for a US IPO in what could be one of the year’s biggest financial company listings.

"The latest spike in volatility has dimmed the IPO prospects for a number of companies, but that has not completely shut down the market for new listings," said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs.

Swedish financial services company, Klarna Group (KLAR), on Friday filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its ordinary shares.