10:28 AM EDT, 04/09/2025 (MT Newswires) -- European tech firms are reconsidering plans to launch initial public offerings in the US due to the market turmoil caused by Trump administration tariffs, Reuters reported Wednesday.

German energy startup 1Komma5 Grad, which says it has a valuation of just over $1 billion, postponed its IPO plans "due to recent tariffs and market reaction," Reuters reported.

Swedish fintech firm Klarna has also put off its US listing, Reuters said, adding that the listing could have valued it at over $15 billion.

The "US is no longer the only place to look for a tech IPO," said Gianni Cuozzo, chief executive of Italian tech startup Exein, according to the Reuters report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)