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Government Shutdown Threatens to Stall the Recovery in the IPO Market
The U.S. government shutdown has stalled IPO approvals, threatening over $31 billion in deals and disrupting plans for companies aiming to go public before year-end.
- The U.S. government shutdown has put planned IPOs into limbo, risking billions of dollars of deals, including Klarna's $1.37 billion and Bullish's about $1.1 billion.
- With the SEC running on minimal staff, reviews are stalled, and companies must meet the 15-day holding period by Oct. 28 to prepare for the Nov. 27 holiday.
- The IPO market has strong momentum, with 163 deals raising $1.5 billion so far, according to Renaissance Capital, with recent listings like Circle Internet Group and Klarna highlighting deal size at stake.
- Market advisers warn momentum could cool if the pause continues as Alliance Laundry Holdings Inc. and Phoenix Education Partners Inc. may be the last IPOs approved this week.
- If the funding dispute persists, planned timetables could unravel as companies must meet Oct. 28 deadlines to list before Nov. 27, while lawyers warn a month-long shutdown could create real problems, Dave Peinsipp said.
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44 Articles
Coverage Details
Total News Sources44
Leaning Left10Leaning Right2Center24Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 28%
C 67%
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