Wall Street IPO activity has slowed to very little. Investors' demand for new shares is sluggish, and market concerns that valuations are too high put pressure on this quarter, which was originally expected to usher in a boom in listing. The delay in the listing of Anthropic and OpenAI has also dampened sentiment in the US equity capital market. “Nobody cares about any company other than Anthropic right now,” said the head of equity capital markets at a major US asset management company. Investment bankers' strong business this year was largely due to SpaceX's June IPO. However, the market is increasingly concerned about the downturn in the AI industry and public opposition to data centers, and the IPO market has been drying up in recent weeks. The banker added that investors are increasingly questioning “unrealistic” valuations obtained by companies linked to the AI investment boom. According to BCA Research data, the stock prices of technology companies listed this year have fallen by an average of about 23% since the first trading day, further increasing market concerns that banks are overpricing transactions in order to obtain underwriting business.

Wall Street IPO activity has slowed to very little. Investors' demand for new shares is sluggish, and market concerns that valuations are too high put pressure on this quarter, which was originally expected to usher in a boom in listing. The delay in the listing of Anthropic and OpenAI has also dampened sentiment in the US equity capital market. “Nobody cares about any company other than Anthropic right now,” said the head of equity capital markets at a major US asset management company. Investment bankers' strong business this year was largely due to SpaceX's June IPO. However, the market is increasingly concerned about the downturn in the AI industry and public opposition to data centers, and the IPO market has been drying up in recent weeks. The banker added that investors are increasingly questioning “unrealistic” valuations obtained by companies linked to the AI investment boom. According to BCA Research data, the stock prices of technology companies listed this year have fallen by an average of about 23% since the first trading day, further increasing market concerns that banks are overpricing transactions in order to obtain underwriting business.