IPO Activity Trickles Despite the Freeze
Since the shutdown began on Oct. 1, few firms have managed to debut. Alliance Laundry Holdings raised $826.3 million in an upsized IPO just before the freeze, while Phoenix Education Partners secured $136 million in its Thursday offering.
Meanwhile, a handful of special purpose acquisition companies (SPACs) have launched, their $10-per-share model largely insulated from market volatility.
Still, as the federal shutdown continues, the SEC’s new flexibility could prove to be the thin lifeline keeping the IPO market’s pulse alive—if companies dare to take it.
