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3w ago

Klarna and StubHub Halt IPO Plans Following Market Turmoil from Trump's Tariffs

The sweeping tariff announcement has triggered a sharp market selloff, forcing major companies to delay public offerings indefinitely.

People walk across Waterloo Bridge with skyscrapers of the City of London financial district and St Paul’s Cathedral seen behind, in London, Britain, March 28, 2025. REUTERS/Toby Melville/File Photo
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Overview

  • President Trump's executive order imposing sweeping tariffs has caused significant market instability, with major indices experiencing sharp declines this week.
  • Klarna and StubHub have indefinitely delayed their IPOs, citing unfavorable market conditions exacerbated by the tariff announcement.
  • The Dow Jones fell 4%, the S&P 500 dropped 4.5%, and the Nasdaq had its worst session since 2020, reflecting the broader economic uncertainty.
  • Venture capital firms had anticipated a revival in the IPO market under the Trump administration but now face setbacks due to the ongoing volatility.
  • Recent IPO struggles, including CoreWeave's volatile debut, highlight the challenges companies face in navigating the current financial environment.