Companies trim, delay IPOs in 2026 as volatility tests valuations

• Clear Street postponed its IPO citing 'market conditions' after slashing its deal size by 65% just hours before the planned listing
• Agibank completed a downsized IPO but its stock plunged nearly 15% from the offer price by Thursday's close, reflecting weak investor appetite
• Liftoff Mobile delayed its New York listing last week amid a steep selloff in software stocks, planning to revisit the offering when conditions improve

Summary: Companies Trim, Delay IPOs in 2026 Amid Market Volatility

Several companies have downsized or postponed U.S. initial public offerings in 2026 due to market volatility, valuation concerns, and weak performance of recently listed peers, particularly in the software sector.

Key Developments

Despite Goldman Sachs' projection that IPOs could double to 120 in 2026, recent market turbulence has forced companies to reconsider their listing plans. A selloff in software stocks has heightened valuation risks and increased investor scrutiny of aggressive pricing.

Affected Companies

Clear Street: The Wall Street broker postponed its IPO on Thursday after slashing its deal size by 65% just hours earlier, citing "market conditions." The New York-based firm plans to revisit the listing later.

Agibank: The Brazilian fintech proceeded with a downsized U.S. IPO, selling 20 million shares after reducing both deal size and price range. The São Paulo-based company's stock debuted Wednesday but has plunged nearly 15% from its offer price as of Thursday's close, underscoring challenging market reception.

Liftoff Mobile: The Blackstone-backed mobile app marketing provider postponed its New York listing last week amid the software sector selloff. The company attributed the delay to "current market conditions" and intends to reconsider timing later.

Market Implications

The delays and downsizings reflect heightened investor caution regarding lofty valuations and aggressive pricing in an uncertain environment. Companies are opting to wait for volatility to subside rather than risk poor debuts or leaving significant money on the table. The trend suggests a more challenging 2026 IPO market than initially anticipated, particularly for technology and fintech sectors.