Nasdaq says the shutdown is paralyzing the IPO market — and the huge bottleneck of firms waiting to go public is getting worse
|01/23/2019||Posted by BusinessMediaguide.Com under General World News||
- In an interview with Business Insider, the president of the Nasdaq Stock Exchange has warned that the US government’s record-breaking shutdown is crippling the market for initial public offerings.
- Speaking at the World Economic Forum in Davos, Switzerland, Nelson Griggs said that thanks to the shutdown, the SEC is unable to process the paperwork required for companies looking to go public.
- “We’d like to see a resolution here obviously as quickly as possible because it is impacting, not just to a small degree Nasdaq, but to a large degree the companies that are trying to go public.”
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