Citigroup's co-head of global equity capital markets said that the market is concerned about capital expenses related to AI expansion, and investors will be more picky when purchasing new shares. Recent turbulence in the data center operator sector and the performance of IPOs fell short of expectations, making investors and issuers more cautious, and the pace of global listing transactions has cooled down. Despite market fluctuations, the global equity issuance boom is expected to continue, and trading activity will continue; AI has spawned a supercycle in the equity capital market, and the scale of fund-raising is expected to strengthen again in 2027.

Citigroup's co-head of global equity capital markets said that the market is concerned about capital expenses related to AI expansion, and investors will be more picky when purchasing new shares. Recent turbulence in the data center operator sector and the performance of IPOs fell short of expectations, making investors and issuers more cautious, and the pace of global listing transactions has cooled down. Despite market fluctuations, the global equity issuance boom is expected to continue, and trading activity will continue; AI has spawned a supercycle in the equity capital market, and the scale of fund-raising is expected to strengthen again in 2027.