Klook Withdraws US IPO Filing Amid Cooling Listings Market

what happened

Klook Technology Limited is abandoning its plans to go public. The company asked the Securities and Exchange Commission (SEC) to withdraw its registration for an IPO of American depositary shares. According to TradingView, the filing states that the US offering was filed in November 2025, while the Wall Street Journal reports that the initial filing came in July 2025.

The Wall Street Journal says Klook is the latest company to shelve a listing. Higher rates and yields, market volatility and concerns about artificial intelligence have weighed on what had been expected to be a busy autumn for IPOs. OpenAI, Oura, and Australian data-center operators Firmus Grid and AirTrunk have also recently postponed their plans.

why it matters

For markets, this signals that the IPO window remains largely shut while borrowing costs stay high, and investors are more cautious about new listings, especially in technology. The news does not directly affect the share prices of companies already trading.

market impact

US IPO market: withdrawn listings weigh on new issues and appetite for risk

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