The IPO market, which had been booming with $127 billion raised so far this year, is showing signs of cooling. Wearable tech company Oura has postponed its initial offering due to market uncertainty, joining Holtec Nuclear, Bamboo Insurance, and Anthropic in delaying plans. Volatility and AI safety concerns are spooking investors, with Renaissance Capital noting that the third quarter is on track to be one of the slowest since 2014.

Meanwhile, SpaceX’s successful launch had initially raised hopes, but broader market conditions remain tepid. About 29% of IPOs in Q3 priced below their ranges, signaling caution among bankers and clients. In other news, New York Fed President John Williams suggested the Fed can wait before further rate hikes, as inflation remains high but additional tightening may come later this year.