'Investors who want to invest must also be afraid of companies being listed.'
Against the background of market uncertainty as well as a surge in inflation and rising interest rates, United States (US) technology companies are particularly seen as showing little interest in listing on Wall Street.
As a result, initial public offerings (IPOs) of US technology firms fell to their lowest level since the 2008 global financial crisis, with only 14 companies listing so far this year.
For comparison in 2009 there were only 12 companies that entered the listing.
To put it bluntly, IPO volume so far in the 9 months has dropped 90.4% and the accumulated amount so far this year is at $507 million, the lowest since 2000.
Looking at the Renaissance IPO index which dominates the largest US IPOs, it is down 50.5% this year compared to the S&P 500 which is down just 23%.
Among the main causes of the decline is the decline in stock market valuations which saw institutional investors move out while retail investors had to bear losses.
Ernst & Young's Rachel Gerring comments that investor appetite for new shares continues to dim with poor aftermarket performance for IPOs in 2021 and that this is undermining confidence in tech firms to list.
In the meantime, it's not just technology firms that are affected by this market uncertainty.
Shares of Corebridge Financial Inc, the biggest US IPO offering this year, fell 4% to $21 in trading Wednesday while yogurt maker Chobani was forced to delay listing plans including Reddit and ServiceTitan.
