The longest US government shutdown in history is over—but don’t expect a roaring return of IPOs now that the SEC can resume normal operations. Experts say an IPO rebound in Q4 after the shutdown froze public listings is unlikely. Citing upcoming US holidays and uncertainty around when the SEC will be back to full operations, a condensed timeline won’t work for many companies early in the IPO process. But the shutdown did accomplish one thing: confirm that volatility and uncertainty are here to stay. Fourth quarter IPOs have been lagging, and the high-profile companies that have gone public during the shutdown have seen lackluster debuts. “Overall, the pieces are there, the good companies are there, they’re relatively ready and they’re far along in the process,” said Bradley Weber, co-chair of the Capital Markets practice at Goodwin. “There’s just all this noise that’s really throwing people for a loop."
Read the PitchBook article for more.