Wall Street IPO activity slows amid anticipation of Anthropic listing

The stream of new initial public offerings (IPOs) on Wall Street has slowed significantly, with many companies postponing their plans due to market uncertainty. Investors are currently focused on the highly anticipated listing of the AI company Anthropic, which is expected to go public in mid-November with a potential valuation exceeding $2 trillion.

Several major companies have shelved or delayed their listings, including gas station operator EG Group, which pushed its New York listing to 2027, and smart ring maker Oura. Other companies such as SB Energy, Holtec, and Bamboo Insurance have also paused their plans. While investment bankers saw success earlier in the year with SpaceX, concerns regarding a potential downturn in the AI sector are impacting current market sentiment.