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United States · Business news · IPO & Capital Markets · 01 Oct 2026

US IPOs raise $32.8 billion in Q3 across 30 deals, but only $6.2 billion excluding SK hynix

US Financials Information Technology Health Care

What happened

Renaissance Capital counted 30 US IPOs raising $32.8 billion in the third quarter, with SK hynix's $26.5 billion offering accounting for most of it; excluding that deal, proceeds were $6.2 billion. Eighteen IPOs raised $100 million or more. Deals averaged a flat return as weak late-September trading erased gains, and the Renaissance IPO Index fell 11%, trailing the S&P 500 for the quarter. A string of postponements came near quarter-end.

Why it matters for listed companies

Fewer and smaller deals cut equity underwriting fees for investment banks and delay exits for private-equity and venture backers. Renaissance tied the slowdown to concerns about AI spending, a 19-year high in bond yields and resumed Fed rate hikes. It said fourth-quarter activity hinges on market conditions and on Anthropic, which it expects to headline the quarter, while OpenAI is now waiting until 2027 to list.

Reported by Renaissance Capital — “Fall IPO Pickup Stumbles on AI Concerns and Rising Rates” ↗ on 01 Oct 2026.

Rates and currencies since this was reported

Official series on 01 Oct 2026 or the last day before it, and the latest observation.

US Treasury 2-year yield
4.78% → 4.77% -1 bp
01 Oct 2026 → 15 Oct 2026 · US Treasury
US Treasury 10-year yield
5.24% → 5.10% -14 bp
01 Oct 2026 → 15 Oct 2026 · US Treasury
Effective fed funds rate
3.88% → 3.88% unchanged
01 Oct 2026 → 14 Oct 2026 · Federal Reserve Bank of New York
Euro in US dollars
1.1298 → 1.1208 -0.0090
01 Oct 2026 → 15 Oct 2026 · ECB reference rate
These figures are measured, not attributed. Prices and rates move for many reasons at once; they show what happened after this story, not that the story caused it. Nothing here is a recommendation to buy, sell or hold.

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