Wall Street IPO activity has sharply decreased, and investors are questioning the high valuations of AI

Wall Street IPO activity has slowed, with investors showing weak demand for new stock issuances, and the market is concerned about overvaluation. The delayed listings of Anthropic and OpenAI have dampened sentiment in the U.S. equity capital markets.

Data from BCA Research shows that the average stock price of technology companies that went public this year has dropped by about 23%, exacerbating concerns about high trading valuations.