Initial public offerings (IPOs) by US tech companies have sunk to the lowest levels since the global financial crisis of 2008.

Rising inflation, soaring interest rates and uncertainty in the stock market have turned investor interest away from new listings, Reuters reports.

Just 14 tech companies have floated their shares so far this year, compared with 12 in 2009. Total IPO volumes fell by around 90 per cent .4% in the first nine months of the year, compared with last year, according to the report.

The IPOs this year have raised $507 million, the lowest amount that has been raised through flotations since 2000.

The Renaissance IPO index, which captures the largest and most liquid US IPOs, has slumped by roughly 50 per cent this year, compared with the S&P 500 index's drop of 23 per cent, said Reuters.

Shares of Corebridge Financial Inc, which launched the largest IPO in the US this year, were trading about four per cent below its offer price of $21 on Wednesday, added the news agency.

The report said that Greek yogurt producer Chobani withdrew its plans for a US IPO earlier this month, while several other large companies including Reddit and ServiceTitan have delayed their plans to go public this year.

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