IPO hot-streak may be wiped out by fed shutdown
The IPO market has been hot in recent months, but all that will stop if the SEC shuts down alongside other federal agencies.
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.