The IPO market remained muted on November 7, 2025, with no major listings as investors awaited key second-quarter earnings for valuation clarity. Analysts attributed the pause to uncertainty around global growth, tightening liquidity, and shifting investor sentiment after the recent market correction. Several firms, including fintech and renewable energy startups, have delayed their IPO plans to align with better market conditions expected by late Q4. Market watchers believe earnings momentum will influence the pipeline’s revival, particularly for technology-led enterprises seeking to capitalize on favorable risk-reward conditions in early 2026.