Blog
April 8, 2025
Klarna, the private Stockholm, Sweden-based buy-now-pay-later fintech, and StubHub, the private online ticket marketplace based in San Francisco, California, have both delayed their planned IPOs following a sharp downturn in the stock market tied to President Trump’s sweeping new tariffs. Both companies had been preparing to meet with investors in the coming weeks but chose to postpone amid mounting market volatility. Klarna was eyeing a $15 billion valuation — well above its $6.7 billion mark from 2022 — while StubHub’s offering was expected to follow a strong revenue year. Backed by major institutions including Sequoia Capital, Mubadala Investment and Goldman Sachs, both firms are taking a wait-and-see approach.
