Klarna pauses $15bn New York IPO plans in wake of Trump tariffs

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Clarsa has launched a long -awaited $ 15 billion New York public list due to market turmoil in terms of US President Donald Trump’s extensive tariff.

Sweden-based “Buy Now, Pay later” was ready to turn on Fintek’s so-called Primary Public Offer Rhodeso with investors next week, but sales-binding plans on US stocks have been imposed on the ice, a person familiar with the plans said.

Clear Last month an IPO was filed with the US Securities and Exchange Commission, and although it did not set any date for floating, the company usually started trade about a week after the price and roadshow started.

A person familiar with Clarner’s tactics said that the company had no regulatory obligation floating within a deadline and the list could occur within several weeks.

Clarner’s decision to stop the decision IPO process Was first reported by Wall Street Journal. The planned list was deeply expected by Fintech investors who had damaged it for drought for the sector, it was damaged for drought.

Investments in Fintecs are slow from its top of 2021 because higher interest rates prevent the affected people from investing high in start-ups.

Clarsa became a poster for the boom-and-boost cycle of this sector when $ 46 billion was crashed in 2021 a year after $ 46 billion in 2021.

The company said last month that it returned to profitability in 2024, reporting $ 21 million net profit, which was more than $ 244 million losses the previous year. Income has risen to about 24 percent of $ 2.81 billion.

Clarsa provides short -term, interest -free loans, which are usually offered to online customers at checkout. It has been aggressively expanded to the United States in recent years and signed partnerships with merchants, including Walmart, Apple and Dordash.

Global Markets have moved downward since Trump announced Hanging tariff On US trade partners this week. The casualties were extended on Friday because of the announcement of China’s revenge action and in investors in fear of a full-grown global trade war.

After the announcement of Beijing, S&P has decreased by 500 4.2 percent and Europe-dilapidated StxX is trading less than 600 4.8 percent.

The shares of Clarner’s US-list rival truth have dropped by more than 45 percent since the beginning of the year.

Clarsa refused to comment.