US IPO Bankers Face ‘Paralysis’ After Trump Tariffs Halt Plans
Among the sea of warning signs that the IPO market may be shuttered for weeks or months was the spike in the VIX.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Bankers are trying to game out when US initial public offerings could potentially recover after the blow dealt by President Donald Trump’s tariffs put deals on hold.
With the S&P 500 down 11% over the past three days and the VIX — Wall Street’s so-called fear index — at levels not seen for any length of time since the early days of the Covid pandemic in 2020, companies are taking a wait-and-see approach. Dealmakers are on tenterhooks, with those leading IPOs for ticket platform StubHub Holdings Inc., payments firm Klarna Group Plc and trading platform eToro Group Ltd. freezing their preparations.