Analysis: Fed rate cuts may clear obstacles for U.S. stock IPOs waiting for "green light"

Odaily Planet Daily News The Federal Reserve cut rate to clear obstacles for private companies waiting for the "green light" and planning to enter the U.S. initial public offering market. Industry observers said that after the Fed cut interest rates, companies from the technology industry to the service industry are expected to publicly submit IPO applications in the next few days to weeks, or start roadshow promotion of IPO transactions. Previously, many companies considering listing in the fall have been waiting for the Fed's decision to cut interest rates, while also paying close attention to the performance of new listed companies. West Riggs, head of the equity capital markets department of the U.S. Trust and Securities, said: "There are definitely many companies waiting for the rate cut to ensure that there are no unexpected situations. The October IPO schedule is expected to be very intensive." (Jin Shi)