Recent weeks have seen a pickup in noteworthy US-listed initial public offerings, with fintech Klarna, ticket reseller StubHub and cybersecurity firm Netskope among the slew of high-profile IPOs that Wall Street hopes signal a bumper fall. But the IPO market isn’t likely to party again like it did in 1999. A years-long slump in listings, due to an appetite first dented by high interest rates and inflation and more recently by tariff uncertainty, is just the tip of a much bigger iceberg. And hopes for a re ...