- Klarna and Stubhub will hold back their IPOs on the stock market After the stock market collapsed on Trump’s radical rates. The two companies were to go to investors next week, but suspended their roadshows.
Klarna and Stubhub have delayed the Introduction Plans on the stock market after the prices of the “Liberation Day” of President Donald Trump resulted in a loss of around 6 billions of dollars on the stock market last week.
Due to the recent collapse of the market, the two companies will hold the public in the near future and have no calendar to restore their plans, said an unnamed source CNBC.
Stubhub had planned a roadshow next week, but it’s now on the ice, according to The Wall Street Journal. Likewise, Klarna has postponed her plans to present to investors next week, Wsj said. The two companies refused FortuneComment request.
Stubhub worried investors would not have time to meet the company in the midst of market problems and feared that becoming public during turbulence could seem desperate, said sources WSJ.
This is the second time that Stubhub has postponed its offer. Last summer, the ticketing market decided to delay its IPO due to the slow market of new establishments.
Stubhub planned to register on the New York Stock Exchange under the Ticker heel. In 2024, the company requested an assessment of at least $ 16.5 billion.
Stubhub declared a loss of $ 2.8 million on a turnover of $ 1.77 billion in 2024. One year earlier, the company won $ 405 million out of $ 1.37 billion in income, according to its S-1 has. The loss came from a sales and advertising thrust, which increased the expenses of $ 310 million to $ 828 million.
Klarna specializes in Buy Now, pays later and more recently in partnership with Doordash to allow users to pay meal deliveries in several payments.
The company planned to register on the New York Stock Exchange under the Ticker Klar, targeting an assessment of $ 15 billion. Klarna was previously evaluated in 2022 at 6.7 billion dollars.
Klarna’s competitor’s shares said 46% this year, down 8% on Friday. The market capitalization of assertions fell to $ 11.4 billion, less than Klarna’s evaluation objective.
Klarna previously warned that prices could present a risk of growth. In his IPO ranking Last month, the company said that “a slowdown in the general environment or a slower economic growth rate” caused by changes in international trade policies, new prices and immigration policies “can lead to consumer spending and negatively allocate the financial situation of our merchants”.
This story was initially presented on Fortune.com
