Klarna and Stubhub’s free decline on Trump tariffs paused to open the public with the stock market
- Klarna and Stubhub will take back their public offering After the stock market collapsed on Trump’s sweep tariffs. Both companies are planned to sell to investors next week, but we have guided.
Klarna and Stubhub’s President Donald Trump’s “Salvation Day” tariffs reported that they delayed their public offering plans after a loss of approximately $ 6 trillion in the stock market last week.
Due to the last market melting, the two companies will have a timeline that will open to the public for the near future and will restore their plans, CNBC.
Stubhub had planned a road trip next week, but now on ice, Wall Street Journal. Similarly, it postponed its plans to apply to investors next week, WSJ in question. Both companies rejected LuckRequest for a comment.
Stubhub would not have time to discuss with the company among the market problems of worried investors, and they were afraid that opening to the public during turbulence would look desperate. WSJ.
Stubhub postponed his offer for the second time. Last summer, the ticket market has decided to delay its public offering due to the slowly new listing market.
Stubhub planned to list the New York Stock Exchange under Ticket Stub. In 2024, the company requested at least one valuation 16.5 billion dollars.
Stubhub reported a loss of $ 2.8 million with $ 1.77 billion in 2024. A year ago, the company earned $ 405 million with $ 1.37 billion. S-1 file. Damage came from a sales and advertising pressure that increased expenses to $ 828 million with an increase of 310 million dollars.
Klarna now specializes in purchasing, then partnership with Doordash so that the latest users can pay for food delivery in installments.
The company planned to list the New York Stock Exchange under Ticket and targeted a $ 15 billion valuation. Klarna previously worth $ 6.7 billion in 2022.
Klarna’s competitors gave 46% crater this year and only 8% fell on Friday. Affirm’s market value fell to $ 11.4 billion, lower than Klarna’s valuation target.
He warned Klarna that tariffs could create a risk of growth. Inside Public offering Last month, the Company, in the international trade policies, changes in new tariffs and immigration policies, “a slower tempo of a decline or economic growth” may lead to consumer expenditures and negatively affect the financial situation of our traders. ” He said.
This story initially took part in Fortune.com
