US IPO Market Teetering on Edge After Fall Class Disappoints

Arm-led listings quartet are all trading below prices in IPOs
Brightspring is said to join Rubrik, Turo in pondering delays

Arm Holdings Plc signage during the company's IPO at the Nasdaq MarketSite in New York, US, on Sept. 14.
Photographer: Michael Nagle/Bloomberg

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By Ryan Gould and Amy Or

October 24, 2023 at 11:00 AM UTC

This article is for subscribers only.

US initial public offerings had been forecast to rebound with high-profile listings like Arm Holdings Plc and Birkenstock Holding Plc leading the way, setting up 2024 for a bigger listings comeback.

After a rough ride in September and October, many IPO candidates are retrenching and reviewing whether to put their plans on hold.