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January 16, 2019

For Uber and others, shutdown slows IPOs

  • Most of the SEC's 4,400-person staff is furloughed, so some IPOs eyed for the spring could end up being delayed into 2020.
    • By MARCY GORDON
    AP Business Writer

    WASHINGTON — The partial government shutdown is slowing plans by some companies to issue stock to the public and potentially cutting off a key source of capital for the financial markets.

    The shutdown, now in its fourth week, has all but darkened the Securities and Exchange Commission, the government agency that oversees the markets.


     
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