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वाल स्रिट IPO hopes fade amid market uncertainty

Wall Street Journal Markets •
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वाल স্ট্রিটের IPO hopes fade amid market uncertainty। AI safety fears spook investors। Smart-ring maker Oura postponed its offering Tuesday due to uncertainty in the IPO market, after aiming to raise up to $2.2 billion at a $15.6 billion valuation। Anthropic’s timeline shifted to November amid AI safety debates, while OpenAI delayed its IPO until at least next year। SB Energy, NScale, and Holtec have also delayed or withdrawn offerings। Inspire Brands now unlikely to go public this year। At the end of June, U.S. IPOs from this year averaged 24% above IPO prices; by Tuesday, that premium had evaporated to less than 1%。 Fund managers are avoiding risky bets amid geopolitical turmoil। The IPO market remains volatile but could rebound if sentiment improves। If Anthropic proceeds this year, U.S. IPOs could break 2021’s fundraising record।