Klarna, a Swedish fintech company, and StubHub, an online ticket marketplace, have both decided to delay their planned initial public offerings (IPOs) due to market volatility triggered by President Donald Trump's recent tariff announcements. Klarna, which reported a 24% increase in revenue, was aiming for a $15 billion valuation, while StubHub, with a 30% revenue increase to $1.7 billion in 2024, was preparing to start its IPO roadshow next week on the New York Stock Exchange. The decision to postpone the IPOs comes in the wake of a significant market selloff, with the Dow Jones Industrial Average, S&P 500 dropping nearly 5%, and Nasdaq experiencing sharp declines. The market turmoil has led to a reassessment of IPO plans across various sectors, with other companies like Chime, Circle, and Hinge Health also considering delays or reevaluating their next steps, influenced by the lead underwriter Goldman Sachs. Klarna and StubHub's filings with the Securities and Exchange Commission highlighted the potential risks posed by changes in international trade policies, including tariffs, which could adversely affect their business operations and consumer spending. The broader market reaction to Trump's tariffs has created uncertainty, prompting these companies to wait for more stable conditions before proceeding with their public offerings.