Group 1 - The return rate for new IPOs in the U.S. has significantly shrunk this quarter, particularly affecting the cryptocurrency sector, which has faced severe downturns due to a drop in digital asset prices [1][2] - Excluding special purpose vehicles, U.S. IPOs that raised over $50 million this quarter saw an average decline of 5.3%, while the S&P 500 index rose by 0.9% [1] - Five cryptocurrency companies that went public this year experienced an average decline of 31% in stock prices this quarter [1] Group 2 - The total market value of digital assets has evaporated by over $1 trillion since the beginning of October, impacting market sentiment towards cryptocurrency IPOs [1] - Specific companies like Gemini Space Station and eToro Group have seen their stock prices drop by 14% and over 20% respectively since their IPOs [1] - Despite the downturn, some companies like Bullish and Figure Technology Solutions still maintain stock prices above their IPO levels [2] Group 3 - The upcoming IPOs of Grayscale and BitGo may face challenges in market reception due to the current negative sentiment surrounding cryptocurrency investments [2] - The short-term health of the IPO market, including prospects for more cryptocurrency-related companies, may depend on whether a "Santa Claus rally" occurs in the market [5] - There is an expectation of a potential surge in IPOs across various industries next year, as many companies have been waiting to go public [6]
加密货币崩跌拖累 美股IPO市场短期前景蒙尘
Zhi Tong Cai Jing·2025-11-26 03:12