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Klarna has paused plans to launch a long-awaited $15bn New York IPO because of 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 the 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