{"id":38534,"date":"2025-04-05T11:36:14","date_gmt":"2025-04-05T11:36:14","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/05\/klarna-and-stubhub-delay-ipo-plans-as-trump-tariff-shock-rattles-investor-sentiment-report\/"},"modified":"2025-04-05T11:36:14","modified_gmt":"2025-04-05T11:36:14","slug":"klarna-and-stubhub-delay-ipo-plans-as-trump-tariff-shock-rattles-investor-sentiment-report","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/05\/klarna-and-stubhub-delay-ipo-plans-as-trump-tariff-shock-rattles-investor-sentiment-report\/","title":{"rendered":"Klarna and StubHub delay IPO plans as Trump tariff shock rattles investor sentiment: report"},"content":{"rendered":"
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Klarna and StubHub have shelved their much-anticipated plans to go public as a fresh wave of market volatility triggered by President Donald Trump\u2019s sweeping tariff announcement rippled through global financial markets.<\/p>\n

According to a CNBC report<\/a> citing a source familiar with the matter, the companies are postponing their initial public offerings due to mounting uncertainty and have not set a new timeline for their listings.<\/p>\n

Both firms had filed their IPO documents with the US Securities and Exchange Commission in recent weeks and were preparing for public listings on the New York Stock Exchange. <\/p>\n

Klarna, the Swedish buy-now-pay-later company, had been planning to trade under the ticker symbol KLAR<\/a>, while online ticketing platform StubHub was set to list under the ticker STUB.<\/p>\n

Klarna pauses long-awaited $15bn listing<\/h2>\n

Klarna had been preparing to launch its IPO roadshow with investors as early as next week. <\/p>\n

However, the company decided to halt proceedings amid the broader market sell-off sparked by fears of a renewed trade war. <\/p>\n

The move comes at a pivotal moment for Klarna, which has become symbolic of the highs and lows of the fintech sector.<\/p>\n

The company was once valued at $46 billion during the peak of investor enthusiasm in 2021, but its valuation plummeted to $6.7 billion just a year later. <\/p>\n

Despite the dramatic drop, Klarna has recently reported a return to profitability. <\/p>\n

In 2024, it posted a net profit of $21 million compared to a loss of $244 million the year before.<\/p>\n

Revenue climbed nearly 24% to $2.81 billion. Klarna has aggressively expanded in the US market, securing partnerships with major retailers such as Walmart, Apple, and DoorDash.<\/p>\n

A person familiar with Klarna\u2019s strategy said the company is under no obligation to list within a specific timeframe, leaving open the possibility of a delayed float should market conditions stabilize.<\/p>\n

IPO success faces questions after CoreWeave struggles<\/h2>\n

StubHub has similarly opted to pause its IPO ambitions. <\/p>\n

The company\u2019s decision follows the rocky debut of artificial intelligence infrastructure firm CoreWeave, which became the first venture-backed tech company to raise over $1 billion in a US IPO since 2021. <\/p>\n

Despite initial optimism, CoreWeave slashed its IPO price and suffered sharp losses in early trading<\/a>, reinforcing concerns about market appetite for tech listings.<\/p>\n

Investor sentiment took a further hit after China announced retaliatory tariffs in response to Trump\u2019s sweeping measures. <\/p>\n

The S&P 500 dropped 4.7% on Friday, while Europe\u2019s Stoxx 600 fell over 5%. The sell-off highlights growing investor unease about the prospect of a full-scale trade conflict.<\/p>\n

Shares in Affirm<\/a>, Klarna\u2019s US-listed competitor, have already fallen over 45% this year, underlining the tough environment facing fintech companies. <\/p>\n

The delay in Klarna and StubHub\u2019s IPOs is a setback for venture capital investors, who had hoped that a rebound in listings under the Trump administration might revive the struggling tech exit market.<\/p>\n

The post Klarna and StubHub delay IPO plans as Trump tariff shock rattles investor sentiment: report<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Klarna and StubHub have shelved their much-anticipated plans to go public as a fresh wave of market volatility triggered by President Donald Trump\u2019s sweeping tariff announcement rippled through global financial markets. According to a CNBC report citing a source familiar with the matter, the companies are postponing their initial public offerings due to mounting uncertainty <\/p>\n","protected":false},"author":1,"featured_media":38535,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-38534","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/38534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=38534"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/38534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/38535"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=38534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=38534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=38534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}