- Clarna and Stumbhub will retract the subscription subscriptions After the collapse of the stock market on the comprehensive Trump tariff. Both companies were scheduled to start next week, but they put their lower offers.
Reports reported that Clarena and Stumbhub had delayed public subscription plans after the “Liberation Day” tariff for President Donald Trump caused a loss of about 6 trillion dollars in the stock market last week.
Because of the collapse of the last market, the two companies will stop offering it on a public basis in the near future and they do not have a timetable to restore their plans, a source who did not reveal his name. CNBC.
Stumbhub had planned the road system next week, but this is now on ice, according to Wall Street Magazine. Likewise, Clarena has postponed plans to photograph investors next week, Wsj He said. Both companies rejected luckRequest to comment.
Investors will not worry about anxiety time to meet the company amid market problems and it is afraid that going to the public during the turmoil may appear desperate. Wsj.
This is the second time that Stumbhub has postponed its display. Last summer, the ticket market decided to delay the subscription due to the slow new lists market.
STUBHUB planned to be included on the New York Stock Exchange under Sticer Stuub. In 2024, the company sought to evaluate at least 16.5 billion dollars.
STubHub recorded a $ 2.8 million loss on revenues of $ 1.77 billion in 2024. One year ago, the company got S-1 file. The loss came from the batch of sales and advertising, which strengthened the expenses at 310 million dollars to 828 million dollars.
Clarna is a specialist in purchase now, and the loans are later and recently partnership with Doordash To enable users to pay the price of delivering meals in installments.
The company planned to include it on the New York Stock Exchange under the Clard Index, targeting $ 15 billion. Clarna was previously evaluated in 2022 at $ 6.7 billion.
The shares of Clarna’s competitor confirmed them by 46 % this year, as 8 % fell on Friday alone. The market value of “confirmation” decreased to $ 11.4 billion, less than the goal of Clarna’s evaluation.
KLARNA previously warned definitions that could pose the risk of growth. There Public subscription file Last month, the company said, “A shrinkage in the public environment or a slower pace of economic growth” caused by changes in international trade policies, new definitions, and immigration policies “that can lead to spending on consumer and negatively affect the financial situation of our traders.”
This story was originally shown on Fortune.com
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