Tech IPOs were set for a comeback, then the government shut down
Jan 18, 2019

Tech IPOs were set for a comeback, then the government shut down

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It's been a big story that tech companies are staying private longer. And there are fewer and fewer tech IPOs. It seemed like the drought was lifting: Uber and Lyft have filed for initial public offerings, and there were rumors that Airbnb, Pinterest and Slack might finally pull the trigger. But three weeks into 2019 and the Securities and Exchange Commission isn't picking up the phone. The SEC lawyers and accountants who work on IPOs are shut down along with the government. And if this shutdown goes on much longer, the big names might be fine, but it could chill the whole tech IPO resurgence. Molly Wood talks about it with Corrie Driebusch, a reporter who covers markets for The Wall Street Journal.

Today's show is sponsored by Triple Byte_JD and Amazon Web Services.

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Companies like Uber that have filed for IPOs are stalled while the SEC lawyers and accountants who work on IPOs are shut down along with the government.
Adam Berry/Getty Images

It’s been a big story that tech companies are staying private longer. And there are fewer and fewer tech IPOs. It seemed like the drought was lifting: Uber and Lyft have filed for initial public offerings, and there were rumors that Airbnb, Pinterest and Slack might finally pull the trigger. But three weeks into 2019 and the Securities and Exchange Commission isn’t picking up the phone. The SEC lawyers and accountants who work on IPOs are shut down along with the government. And if this shutdown goes on much longer, the big names might be fine, but it could chill the whole tech IPO resurgence. Molly Wood talks about it with Corrie Driebusch, a reporter who covers markets for The Wall Street Journal.

Today’s show is sponsored by Triple Byte_JD and Amazon Web Services.

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