Klarna has postponed its initial public offering (IPO) due to market uncertainty following new US tariffs.
The Swedish fintech giant had planned to start marketing its shares Monday but halted the process this week. StubHub also delayed its IPO plans, citing tight investor schedules.
Klarna, known for its buy-now-pay-later checkout service, aimed to list on the NYSE with a $15 billion valuation—more than double its $6.7 billion value in 2022.
Both Klarna and StubHub now await more favorable conditions.
Shares of US rival Affirm, down 46% this year and 15% on Friday alone, highlight investor caution.
Klarna’s backers include Sequoia Capital, Abu Dhabi’s Mubadala and Canada’s Pension Plan Investment Board.
Tariffs have also rocked the auto industry. Nissan paused SUV orders, Ford offered steep discounts, and Stellantis halted production in Mexico and Canada.
While Volvo and Mercedes plan US production shifts, Volkswagen is adding import fees. Analysts warn the tariffs could cost $80 billion and slash earnings by up to 60%.