The tentative reopening of the IPO market is already facing challenges and may soon be closing again. This development comes as public stock markets experience a significant downturn following the announcement by President Trump of extensive tariffs. According to a report by The Wall Street Journal, two of the tech industry’s eagerly awaited IPOs, Klarna and StubHub, are opting to pause their plans.
Klarna, a fintech company, and StubHub, an online ticket marketplace, had both disclosed their intentions to go public last month. Each aimed to raise at least $1 billion from their initial public offerings.
Initially, both companies were scheduled to commence their roadshows next week to engage potential investors. However, according to sources reporting to The Wall Street Journal, they have decided to delay these plans.
When contacted by TechCrunch for comments, both Klarna and StubHub chose not to respond.
