Solid IPO Activity Still Likely Into Early 2027

Impact · against what's priced in

The record capital raised and IPO activity projections provide no catalyst for NDAQ, as the market is already pricing in existing growth trajectories and explicitly ignoring the upside from mega-cap listings. The softening IPO Pulse in September is a minor headwind but largely confirms the bearish lean already reflected in the current valuation.

NDAQ−0.10

Already priced in

The price assumes

routine listing and delisting activity that drives Capital Access Platforms

The Nasdaq IPO Pulse hitting a six-month low in September confirms a short-term softening in volume, though record YTD capital of $146B suggests the baseline activity the market already assumes remains intact.

What NDAQ's price assumes · Sep 1

• oil
• energy
• geopolitics
• rates
• fed
• ipo
• NDAQ
• capital markets
• yields

Search tags