Yes it is. The default instance is IO. It's a common gotcha, see
https://downloads.haskell.org/~ghc/latest/docs/html/users_guide/interactive-evaluation.html#actions-at-prompt
and the example of how "return True" defaults to IO Bool.
Might I compliment you on this:
sequenceA' :: Applicative f => [f a] -> f [a]
sequenceA' = foldr (\fa fla -> (:) <$> fa <*> fla) (pure [])
There are strong arguments that this is the best way of writing sequenceA.
-- Kim-Ee