Swedish payment giant Klarna urgently halts US IPO

BlockBeats News, April 5th, according to The Wall Street Journal report, Swedish payment giant Klarna has urgently paused its planned IPO in the US, becoming the latest casualty of a large-scale tariff announcement by the Trump administration.

BlockBeats previously reported that on March 6th, sources revealed that Swedish payment giant Klarna Bank AB planned to conduct an initial public offering (IPO) in the United States to raise at least $1 billion. Klarna also stated that it would embrace cryptocurrency, but has not yet determined a specific plan and needs time to explore the best integration method. Klarna is valued at $14.8 billion, has over 85 million users, an annual transaction volume exceeding $100 billion, and its largest shareholder, Sequoia Capital, holds a 22% stake.