Those delaying listings at least for now include Medline Industries Inc. The medical supply company, which was acquired by Blackstone Inc, Carlyle Group Inc and Hellman & Friedman in 2021 for US$34 billion in one of the largest leveraged buyouts of all time, was seeking to be valued at as much as US$50 billion in an IPO, Bloomberg News reported in November.
Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump’s trade war upends the global economy, twisting the knife into a dealmaking market that had already struggled to get going this year.
Ticket platform StubHub Holdings Inc, fintech giant Klarna Bank AB and trading platform eToro Group have all pressed pause on planned listings, according to people familiar with the matter, who asked not to be identified discussing confidential information. Offerings from adtech group MNTN Inc and insurer Ategrity Specialty Holdings are also on hold, the people said.
