"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.

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

In today’s IPO filing, the company disclosed that more than 675,000 merchants have adopted its service to date. Those companies use Klarna to process payments for 93 million customers. The platform’s gross merchandise value, the combined dollar value of the transactions it processes, reached $105 billion last year.