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Swedish fintech firm Klarna halts US IPO plans
Swedish fintech company Klarna has reportedly paused its plans for a US IPO due to market volatility. The turbulence was triggered by new US trade tariffs, according to a source familiar with the matter.
The decision comes after former President Donald Trump announced a 10% universal tariff on US imports, effective Apr. 5.
The announcement has unsettled markets and pushed the Nasdaq Composite index toward a bear market.
Klarna has not yet commented on the situation.
The company’s halted IPO plans were first reported by the Wall Street Journal.
Recent Klarna developments
| Timeline |
|---|
24-Mar-2025 📈 Swedish fintech firm Klarna files for $15b New York IPO
|
18-Mar-2025 💳 Klarna, OnePay partner for Walmart installment loans
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16-Mar-2025 📈 Swedish BNPL firm Klarna files for US IPO
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25-Jan-2025 🚀 Swedish AI firm Sana Labs plans US IPO in coming years
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| 31-Aug-2022 💳 Southeast Asia’s thriving buy now, pay later players (update) |
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