Since this year, due to the Federal Reserve's interest rate hike and the turmoil in the US stock market, the US initial public offering (IPO) market has always been “cold and windy”, and a new proof of this bleak situation has recently been added: out of about 600 corporate stocks that were previously IPOs in 2020 and 2021, after experiencing market turmoil this year, the current stock price has fallen below 2 US dollars and is at risk of delisting. As a result, some companies that originally had plans to go public also stranded, causing the US IPO market financing scale to hit a new low of more than 20 years this year. Some companies are still trying to save themselves from delisting, while others have to be privatized at a discount. However, analysts expect that until US inflation peaks and the prospects for the Fed's interest rate hike become clear, it will be difficult for the US IPO market to recover quickly.