Startups
Mexico’s Klar Sets $500 Million Revenue Goal for IPO
- Firm targeting gross margins above 50% by first half next year
- Company ‘confident’ Sheinbaum can restore investor confidence
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Mexican financial technology firm Klar is expecting its growth path to allow it to seek an initial public offering at the end of 2026.
The company is eyeing an annual run rate of $500 million to look for an IPO, a scale Klar is forecasting it will achieve in the third quarter of 2025, according to Juan Sarmiento, its vice president of finance. Its current run rate is $230 million.