IPOs in Limbo as Shutdown Threatens Billions of Dollars of Deals

Core Insights - The ongoing US government shutdown is expected to slow the revival of initial public offerings (IPOs), putting billions of dollars worth of deals on hold [1][3] - Companies like Navan Inc. and Andersen Group Inc. are among those affected, unable to formally market their IPOs due to the SEC's operational limitations [2][6] - A prolonged shutdown could disrupt the stock market and derail planned IPO timelines, especially for companies aiming to go public before the Thanksgiving holiday [3][5] IPO Market Status - As of October 5, 2023, the US IPO market has raised $33.4 billion, surpassing the total raised in all of 2024 [4] - Alliance Laundry Holdings Inc. and Phoenix Education Partners Inc. have received regulatory approval to go public, potentially marking the last significant IPOs before the government funding dispute impacts the market [4] Impact on Companies - Companies that filed for IPOs in September, such as Navan, Andersen Group, and BitGo Holdings Inc., are facing delays as the SEC cannot declare their registrations effective [6] - Other companies like Ethos Technologies Inc., Beta Technologies Inc., and Once Upon a Farm PBC are still in a waiting period before they can begin formal marketing [6]