US IPO Market Teetering on Edge After Fall Class Disappoints

US initial public offerings had been forecast to rebound with high-profile listings like Arm Holdings Plc and Birkenstock Holding Plc leading the way, setting up 2024 for a bigger listings comeback.

After a rough ride in September and October, many IPO candidates are retrenching and reviewing whether to put their plans on hold.

Brightspring Health Services Inc., a KKR & Co.-backed health-care services provider that had been planning to raise $1 billion, is among those mulling a delay, said people familiar with the matter who asked not to be identified because it was private.

Waystar Holding Corp., ...