PANews reported on October 10th that Bloomberg News reported that the US SEC has provided temporary guidance to IPO companies during the government shutdown: issuers can submit registration documents without specifying a specific offering price, which will automatically take effect after 20 days. This process does not rule out the possibility of subsequent Q&A or revisions. Currently, approximately 90% of staff have been furloughed, halting IPO reviews. Companies that have already filed, such as Navan , Andersen Group, and cryptocurrency custodian Bitgo, can use this information to advance their marketing efforts.PANews reported on October 10th that Bloomberg News reported that the US SEC has provided temporary guidance to IPO companies during the government shutdown: issuers can submit registration documents without specifying a specific offering price, which will automatically take effect after 20 days. This process does not rule out the possibility of subsequent Q&A or revisions. Currently, approximately 90% of staff have been furloughed, halting IPO reviews. Companies that have already filed, such as Navan , Andersen Group, and cryptocurrency custodian Bitgo, can use this information to advance their marketing efforts.
SEC provides temporary guidance for IPOs during government shutdown
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PANews reported on October 10th that Bloomberg News reported that the US SEC has provided temporary guidance to IPO companies during the government shutdown: issuers can submit registration documents without specifying a specific offering price, which will automatically take effect after 20 days. This process does not rule out the possibility of subsequent Q&A or revisions. Currently, approximately 90% of staff have been furloughed, halting IPO reviews. Companies that have already filed, such as Navan , Andersen Group, and cryptocurrency custodian Bitgo, can use this information to advance their marketing efforts.
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