Klarna, the specialty lending and online payments provider, has halted its planned initial public offering, the latest IPO casualty in the wake of the Trump administration’s sweeping tariff announcement.

(Reuters) -Swedish fintech Klarna has paused its plans for a U.S. initial public offering as President Donald Trump's sweeping tariffs rattle global markets, according to sources familiar with the situation.

StubHub, which filed for an IPO in March, decided to delay a meeting scheduled next week with prospective investors after the S&P 500 dropped by nearly 5% on Thursday, and the company was concerned about launching an IPO while the U.S. markets were volatile, the Journal reported.