Foreign media: The market downturn is the launch of the US technology company, most of which are postponed until 2023

Zhongxin Jingwei, September 19th. According to the British "Financial Times" Chinese website reported on the 19th, the stock market downturn since the beginning of this year has led to the longest listing of American technology stocks since this century. Even if there are preliminary signs of resumption of vitality, experts are cautious about the recovery of technology stocks.

Research from the capital market team of Morgan Stanley technology stocks shows that Wednesday will have a record of more than 50 million US dollars for 238 days in a row, exceeding the 2008 financial crisis and the record set after the breakthrough of the Internet bubble in the early 21st century.

The report pointed out that this year, the Federal Reserve lowered the inflation through interest rate hikes, which brought shock to the US stock market. Raleful interest rate hikes reduced the value of future income, thus cracking down on stock valuations and causing people to worry about the economy to fall into decline. High -growth technology stocks dominate the IPO market in 2021, and won some maximum increase during the stock market prosperity, but also received a huge blow to sold this year.

Data show that the Nasdaq Comprehensive Index, which is mainly technology stocks, has fallen by nearly 28%during the year, while the S & P 500 Index has fallen slightly more than 19%, and the Renaissance IPO index of the US company listed in the past two years has fallen 45%.

The report quoted Matt Walsh, the director of the capital market of the Silicon Valley Securities and Technology stocks of Silicon Valley, said: "There are a lot of uncertainty at the current market, and uncertainty is the enemy of the IPO market. Investors restarted the existing public issuance securities, and then they would be willing to go further on the risk curve and buy the IPO of a technology company. "

According to reports, Life Insurance Company CoreBridge completed the first US $ 1 billion US IPO since January this year. The cautious response of the early market highlights it. Even if it is a more mature and profitable company, investors are cautious. Essence

DEALOGIC data shows that even after the CoreBridge was listed, the total IPO in the United States decreased by 94%year -on -year. It only raised $ 7 billion in 2022, and the same period last year was $ 110 billion.

It is reported that CoreBridge has received close attention and is regarded as a signal of investor how much interest in new transactions. But Davis Pok Law Firm, a partner who specializes in the listing business of technology stocks, said that other factors such as weak financial reports may have a "greater impact" on the prospects of the issuer of new technology stocks. The guidelines of the company and the industry have deteriorated. (And) many companies are feeling the impact of macroeconomic anti -wind wind, which affects valuation. "

FactSet data shows that the profit of IT companies in the S & P 500 index component stocks barely meets the expectations in the second quarter, but the profit expectations of the third quarter have been reduced many times. At present, the profit is expected to decrease by 4%year -on -year.

Silicon Valley Bank's Volsh also added that a more positive factor extending the launch waste was that technology companies raised a large number of private capital before the recession, "there is no sense of urgency."

He said he expects "a small part" company to try to be listed this year, but most companies have delayed their plans to 2023. (Zhongxin Jingwei APP)

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