Fintech firm Klarna has halted its planned initial public offering (IPO) after President Donald Trump's sweeping tariffs announcement, according to a report.

The Buy Now, Pay Later (BNPL) company, which was founded in Sweden and redomiciled to the U.K. last year, "was set to launch marketing shares for the offering Monday, but decided this week to postpone," The Wall Street Journal reported, citing people familiar with the matter.

The news clouds the 2025 outlook for the IPO market, which after Trump's reelection was seen as poised to shake off recent doldrums ; several other planned offerings may also now be on hold, the Journal reported. Klarna declined to respond to Investopedia's request for comment.

Klarna last month filed a registration statement with the Securities and Exchange Commission , applying to list on the New York Stock Exchange using the symbol "KLAR." Prior to the filing, Bloomberg had reported that Klarna was targeting a valuation of more than $15 billion in its New York listing.

Recent IPOs have met with mixed results. Nvidia-backed cloud-computing company CoreWeave ( CRWV ), which went public a week ago, is down 15% today but still trades above its IPO price . Conservative media company Newsmax ( NMAX ), which began trading earlier this week, is off more than 20% today—and well off highs seen just a few days ago—but also well above its IPO price .

The Journal on Thursday reported that ticket-selling platform StubHub postponed its own planned listing . A StubHub spokesperson declined to comment.

UPDATE—This story has been updated with StubHub's response.

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