Once A $15 Billion IPO Hope, Swedish Fintech Klarna Plans Daunted By Tariffs

Klarna, a Swedish buy-now-pay-later (BNPL) company, has placed its long-anticipated U.S. public debut on hold, stepping back from its planned initial public offering due to growing market uncertainty triggered by fresh geopolitical tension.

The Swedish fintech firm was preparing to begin promoting its IPO to investors this week but decided to delay the process, citing recent turbulence following the Trump administration's announcement of new tariffs, the Wall Street Journal reports on Friday.

Klarna provides payment processing services for the e-commerce industry, managing store claims and customer payments.

Also Read: Trump's EU Tariffs Impacts Chip Equipment Giant ASML, Stock Hits 52-Week Low

On April 2, Trump announced reciprocal tariffs, including a 10% hike on all countries except Mexico and Canada, with higher rates for select nations with trade deficits.

The new reciprocal