According to the Internet, according to the Wall Street Journal, the silver lining that U.S. IPOs are about to recover has disappeared. According to people familiar with the matter, ticketing market StubHub and financial technology company Klarna have postponed an IPO roadshow originally scheduled to start next week. Some of them said Chime, another financial technology company, is postponing filing public financial reports with regulators and has also postponed its IPO. People familiar with the matter said virtual physical therapy company Hinge Health is focusing on the market and is expected to go public at the end of April. Cryptocurrency company Circle is close to the next step in going public, but is now anxiously waiting and watching before deciding what to do. In addition, there have been reports that medical technology company Medline has delayed its U.S. IPO. The stock market crash on Thursday and Friday closed the door for companies waiting to go public. The U.S. IPO market has gone through a difficult period over the past three years, but many bankers and lawyers hope 2025 will be the year when IPOs return to normal pace. Instead, the global trade war is roiling stocks, making investors and executives uneasy.