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Klarna has paused plans to launch a long-awaited $ 15bn New York Ipo because of the market turbulence in the US in the wake of President Donald Trump’s wide-ranging tariffs announcements.
The Swedish “Buy now, pay later” Fintech was set to launch its so-called IPO “Roadshow” to investors Next Week, but the sell-off in US stocks has put the plans on ice, said a person familiar with the plans.
Klarna filed for an Ipo in the US this year.
A person familiar with Klarna’s Strategy said the company was under no regulatory obligation to float within a specific timeframe and that listing could happen in several weeks’ time.
Klarna’s decision to Halt the IPO process was first reported by the Wall Street Journal.
This is a developing story
