The tentative re-opening of the IPO window is already swinging towards being closed again.
With the public stock markets in a freefall after President Trump announced sweeping tariffs, two of the tech industry’s highly anticipated IPOs are hitting pause, The Wall Street Journal reports: Klarna and StubHub.
Both fintech Klarna and ticket marketplace StubHub released public documents for IPOs last month, each hoping to raise at least $1 billion in their debuts.
Both were set to launch their road shows next week, talking to potential investors about their IPO, but decided to postpone, sources told the WSJ.
Both Klarna and StubHub declined to comment when reached by TechCrunch.
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