Feb 13 (Reuters) – Several companies have downsized or postponed their U.S. initial public offerings in 2026, as market volatility, valuation scrutiny and weak peer performance weighed on the new listings pipeline.
Goldman Sachs analysts said earlier this month that they expect the number of IPOs to double to 120 this year, but warned that a selloff in software stocks has underscored valuation risks.
In recent weeks, companies including Wall Street broker Clear Street, Brazilian fintech Agibank and Blackstone-backed Liftoff Mobile have trimmed deal sizes or pushed back their planned listings, as they wait for volatility to subside amid heightened investor scrutiny of aggressive pricing and lofty valuations.
Here is an overview of some of the issuers who downsized or postponed their offerings in 2026:
CLEAR STREET
Wall Street broker Clear Street on Thursday postponed its U.S. IPO, citing “market conditions,” marking the second delayed listing this month amid another bout of market volatility.
The move came just hours after the New York-based company slashed the fundraising target of its U.S. IPO by a whopping 65%.
Clear Street intends to reconsider the listing at a later time.
AGIBANK
Brazilian fintech Agibank raised $240 million in its downsized U.S. IPO after sharply reducing both the proposed deal size and the price range.
The Sao Paulo-based company sold 20 million shares at $12 apiece. It had earlier offered roughly 43.6 million shares between $15 and $18 apiece.
The stock, which debuted on Wednesday, has plunged nearly 15% from the offer price as of Thursday’s close.
LIFTOFF MOBILE
Blackstone-backed mobile app marketing provider Liftoff Mobile last week decided to postpone its planned New York listing against the backdrop of a steep selloff in software stocks.
The company cited “current market conditions” for the postponement and said it plans to revisit the listing at a later time.
(Reporting by Prakhar Srivastava, Pragyan Kalita, and Arasu Kannagi Basil in Bengaluru; Editing by Maju Samuel)
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