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IPO hot-streak may be wiped out by fed shutdown

Thu, 10/03/2013 - 7:29am
Mass Device

The IPO market has been hot in recent months, but all that will stop if the SEC shuts down alongside other federal agencies.

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The government shutdown threatens to crash what has been one of the hottest IPO markets in years should the lull last long enough to claim the Securities & Exchange Commission.

There were 26 venture-capital-backed IPOs in Q3 this year, the 1st time since 2004 that the number has been above 20 for 3 consecutive quarters. Some firms are planning stealthy offerings, but others have announced plans to launch IPOs in the next couple quarters.

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