Core Insights - The strong year for initial public offerings (IPOs) on Wall Street has diminished due to a government shutdown and cautious investor sentiment [1][2] - Many anticipated IPOs for the end of this year are likely to be delayed into next year as the Securities and Exchange Commission (SEC) addresses a backlog of registration statements [2][3] - Despite the backlog, Wall Street expects several IPOs in November and December that are in the later stages of the regulatory process [3] Company Performance - Central Bancompany raised $373 million from its IPO following the end of the government shutdown, but November is projected to be one of the slowest months for IPOs in 2025 [4] - Medical supplies company Medline is expected to go public in December, potentially raising up to $5 billion, while cryptocurrency technology company BitGo is also a potential IPO candidate for next month [5] - Figma has lost nearly all its gains since going public in July, now trading slightly above its IPO price of $33 per share [6] - Klarna, which priced its IPO at $40 per share in September, is currently trading around $29 per share, while CoreWeave, initially priced at $40, has seen a significant pullback to about $72 per share [7] - Navan went public at $25 per share during the government shutdown but is now trading at approximately $15 [7] Market Trends - The S&P 500 is experiencing a challenging November, down 3.5% for the month, primarily driven by declines in the tech sector, which had previously seen gains due to enthusiasm over artificial intelligence developments [8]