10.01.2019, 20:19
Government shutdown has ground the U.S. IPO market to a halt
The SEC is not processing filings that issuers need to move registration statements forward for deal launch, say experts
The U.S. government shutdown, now in its 20th day, is disrupting the initial public offering process and may cause delays in some of the bigger deals expected in 2019, including those of ride-sharing services Uber and Lyft.
While January and February are typically slow months for deals as companies need to finalize calendar-year audits, the shutdown “is beginning to gum up the IPO process,” said Kathleen Smith, Principal at Renaissance Capital, a manager of IPO exchange-traded funds.
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https://www.marketwatch.com/story/govern...2019-01-10
The SEC is not processing filings that issuers need to move registration statements forward for deal launch, say experts
The U.S. government shutdown, now in its 20th day, is disrupting the initial public offering process and may cause delays in some of the bigger deals expected in 2019, including those of ride-sharing services Uber and Lyft.
While January and February are typically slow months for deals as companies need to finalize calendar-year audits, the shutdown “is beginning to gum up the IPO process,” said Kathleen Smith, Principal at Renaissance Capital, a manager of IPO exchange-traded funds.
...
https://www.marketwatch.com/story/govern...2019-01-10