Fintech company Klarna has decided to delay its initial public offering (IPO) following President Donald Trump's recent announcement of significant tariffs. The Buy Now, Pay Later (BNPL) firm, originally established in Sweden and later moving to the U.K., was initially planning to present its shares for the offering on Monday. However, the company chose to postpone this week, according to sources mentioned in The Wall Street Journal. This move casts uncertainty over the IPO market's outlook for 2025, which was expected to recover from a recent slump after Trump's re-election. Klarna, which aims to be listed on the New York Stock Exchange under the ticker symbol "KLAR," refrained from commenting on Investopedia's inquiry. The company had filed a registration statement with the Securities and Exchange Commission last month, with Bloomberg previously estimating its valuation to exceed $15 billion in the U.S. listing.
Other recent IPOs like CoreWeave and Newsmax have had varied performances, with CoreWeave down 15% from its IPO price and Newsmax experiencing a drop of over 20% but still trading above its initial price. Additionally, the Journal reported that StubHub, a ticket-selling platform, has also postponed its planned IPO. StubHub did not provide a comment in response to the Journal's report.