Klarna, StubHub Pause IPO Plans After Trump Tariffs Roil Markets
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Fintech giant Klarna Group Plc and ticket platform StubHub Holdings Inc. are pausing plans for initial public offerings, people with knowledge of the matter said, after the US announced wide-ranging tariffs that sent the stock market into a tailspin.
Klarna, a digital payments company founded in Stockholm, and New York-based StubHub had filed for IPOs with the US Securities and Exchange Commission in March and were gearing up to start marketing their shares to potential investors. The market turbulence has led to the companies holding off their IPO plans, said the people, who asked not to be identified as the information is private.