Several companies have reconsidered their U.S. public listing plans in 2026 as market volatility and tighter investor scrutiny affect valuations. Analysts at Goldman Sachs said the number of initial public offerings could still rise to around 120 this year, but warned that a recent selloff in software stocks highlights the risks tied to aggressive pricing. Companies including Clear Street, Agibank, and Liftoff Mobile have either reduced deal sizes, delayed listings, or withdrawn offerings as they wait for calmer market conditions.
Clear Street postponed its planned U.S. IPO after sharply reducing its fundraising target by about 65%, stating the delay was due to “market conditions.” Brazilian fintech Agibank proceeded with a smaller listing, raising $240 million after cutting the number of shares and the expected price range. The stock has since fallen nearly 15% below its offer price. Meanwhile, Liftoff Mobile, backed by Blackstone, withdrew its U.S. IPO plans after earlier postponing the deal. The company had hoped to raise as much as $762 million, but weaker sentiment in the technology sector dampened investor interest in new listings. The shift reflects growing caution among issuers and investors as valuations come under closer examination.
