Market volatility is making the chief executive of fintech firm Klarna “nervous” about pushing the Swedish buy-now-pay-later giant towards an IPO.

“The volatility in the market right now makes me nervous to IPO right now to be honest,” said Sebastian Siemiatkowski, adding that Klarna has given stock to all 4,000 of its employees. “I think it would be nice to IPO when it’s a little more sound and it doesn’t feel very sound right now.”