Klarna and StubHub Delay IPO Plans Amid Market Chaos Triggered by Trump’s Tariffs

Klarna and StubHub Delay IPO Plans Amid Market Chaos Triggered by Trump’s Tariffs

Just when it seemed like the IPO window was cracking open again, economic uncertainty has slammed it shut—at least for now. I’ve been closely watching the public listings pipeline, and two major players—Klarna and StubHub—have decided to hit the brakes on their highly anticipated IPOs. Image:Google The reason? A massive ripple effect triggered by President Trump’s recent announcement of sweeping tariffs. These tariffs have sent public markets into a tailspin, shaking investor confidence and forcing many companies to rethink their public debut strategies. Klarna and StubHub Were Ready to Roll Both Klarna, the Swedish fintech giant, and StubHub, the popular ticket marketplace, had already filed public documents for their IPOs last month. Each aimed to raise at least $1 billion, which would’ve made them among the largest tech IPOs of 2025. The roadshows—the critical step where companies pitch their offerings to potential investors—were set to begin next week. But now, everything's on hol…