US EditionTariff turmoil puts a freeze on global M&A dealmaking
- President Trump's executive order, effective May 2, closed a trade loophole, impacting financial markets.
- Market uncertainty, stemming from Trump's tariff announcements, caused companies to reconsider IPO plans.
- Klarna, a Swedish buy-now-pay-later firm, and StubHub, a ticketing marketplace, both postponed their IPOs.
- Matt Kennedy from Renaissance Capital stated, "This is going to shut down the IPO market."
- The continued slump in IPOs creates less incentive for innovation and risk-taking among investors.
14 Articles
14 Articles
Swedish car industry loser in tariff war
The uncertainty created by Donald Trump's tariffs is worse than the tariffs themselves, say two Swedish experts on global supply chains. "Now companies are just sitting on their hands," says Professor Johan Woxenius at Handels in Gothenburg.
New Zealand Stands Firm Amidst Global Tariff Turmoil
New Zealand Stands Firm Amidst Global Tariff Turmoil New Zealand will maintain its economic course despite global market disruptions triggered by U.S. President Donald Trump's tariff strategies, Finance Minister Nicola Willis affirmed. This decision comes after Trump's tariffs led to further escalation in a global trade war.Willis reassured that the impacts on New Zealand, while unwelcome, are expected to be milder compared to other countries. T…
High-Profile Firms Freeze IPOs Amid Market Meltdown
“Bye for now, IPO later?” After watching global equities markets get throttled last week, that’s what executives at buy now, pay later (BNPL) giant Klarna are thinking. They’re not alone. Several high-profile firms that were expected to go public have decided to delay their plans rather than plunge headfirst into the chaos unleashed by the US administration’s sweeping tariffs. The Roadshow Not Taken This year began with great promise for the US …
The latest victim of Trump's tariffs: IPOs
Andrea Ucini for BIA few months ago, after years of abysmal performance, it looked like IPOs were finally set for a comeback. ServiceTitan, a software platform for general contractors, saw its stock soar by 35% after its debut in December. A bunch of hot companies were lined up to go public: the buy-now, pay-later lender Klarna, the ticket reseller StubHub, and the AI infrastructure provider CoreWeave. Silicon Valley, it seemed, was about to ret…
Tariff turmoil freezes debt markets, stalls PE-backed financing deals
A sharp escalation in US trade tensions has sent shockwaves through global credit markets, bringing leveraged buyout financing and corporate debt issuance to a standstill — a move that is already disrupting PE dealmaking and refinancing activity, according to a report by Bloomberg. In a stark example of the market dislocation, a $1.1bn leveraged loan backing HIG Capital’s acquisition of Converge Technology Solutions Corp has been shelved, accord…
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