Overview

• Klarna has postponed its highly anticipated IPO, citing market instability caused by President Trump's sweeping tariffs and the resulting global market selloff.
• The company had planned to raise $1 billion at a $15 billion valuation on the New York Stock Exchange but has not provided a new timeline for its offering.
• Other companies, including StubHub, Chime, and eToro, have also delayed IPOs or investor presentations due to heightened market volatility.
• The tariffs have triggered significant declines in major indices, with the Nasdaq entering a bear market and fears of a global recession rising to a 60% likelihood, according to JPMorgan.
• China’s retaliatory tariffs have further escalated trade tensions, deepening economic uncertainty and putting a freeze on global M&A and dealmaking activity.