Monday, August 4, 2025

Latest

Major IPOs Shelved as Trump’s Tariff Announcement Rattles Markets

At least two major companies have postponed their initial public offerings following market turbulence triggered by President Donald Trump’s sweeping tariff announcement, according to sources familiar with the matter.

Swedish fintech giant Klarna Group and ticketing marketplace StubHub Holdings have both paused their IPO plans that were set to begin next week, as the recent stock market volatility has created challenging conditions for companies seeking to go public.

Klarna, a buy-now-pay-later provider that had targeted a $15 billion valuation on the New York Stock Exchange, filed IPO documents earlier this year under the ticker “KLAR.” The company, which was last valued at $6.7 billion in 2022, counts Sequoia Capital, Abu Dhabi’s Mubadala Investment fund, and the Canada Pension Plan Investment Board among its backers.

Also read: Americans Can Now Pay for Pizza in Installments

StubHub, which had planned to list under the ticker “STUB” with a valuation target of at least $16.5 billion, is postponing its investor roadshow for the second time. The company previously delayed its IPO last summer due to sluggish market conditions.

The postponements follow Trump’s announcement of extensive trade barriers that sent global stocks downward. US markets lost approximately $5-6 trillion in value last week, according to market data, representing the most significant weekly decline since the 2020 pandemic market crash.

Digital banking service Chime is also delaying its IPO plans, pushing back the public filing of its financials with regulators. Additionally, cryptocurrency firm Circle and virtual physical therapy company Hinge Health are closely monitoring market conditions before proceeding with their listing plans.

In its IPO filing last month, Klarna specifically warned that tariffs could pose a risk to growth, noting that changes in international trade policies could “lead to consumer spending and adversely affect the financial condition of our merchants.”

Shares of Affirm, Klarna’s main US competitor, have plummeted 46% this year, including a significant drop on Friday alone, bringing its market capitalization to $11.4 billion — below Klarna’s IPO valuation target.


Information for this story was found via the Wall Street Journal, Bloomberg, Fortune, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Canada Maintains 25% Tariffs on US Precious Metals in Trade Retaliation

Canada is maintaining 25% retaliatory tariffs on US precious metals imports in response to American...

Saturday, May 24, 2025, 09:25:00 AM

Trump To The World: Tariffs “For Purposes Of Fairness”

The US is poised to rattle international commerce with President Donald Trump’s renewed pledge to...

Tuesday, February 18, 2025, 12:03:00 PM

Copper Prices Plunge 20% as Trump Exempts Refined Metal from Tariffs

Copper markets experienced unprecedented volatility Wednesday, with futures dropping nearly 20% after President Donald Trump’s...

Thursday, July 31, 2025, 02:18:00 PM

Trump’s Accelerated Copper Tariff Threat Sends Prices Soaring

Tension is building across global metals markets as the Trump administration moves to impose copper...

Wednesday, March 26, 2025, 11:35:00 AM

China Targets Korean Firms in Rare Earth Export Clampdown

Chinese authorities have warned South Korean manufacturers they face sanctions if they supply products containing...

Tuesday, April 29, 2025, 02:56:00 PM