US IPOs Face SEC Approval Deadline Ahead of Government Shutdown

The looming shutdown of the US government is threatening to interrupt the recent IPO revival, with companies facing a tight deadline to secure approval as the market regulator prepares to halt most of its activities.

The US Securities and Exchange Commission, which oversees equity capital markets deals including initial public offerings and underwritten share offerings, issued guidance Monday indicating that most agency functions would cease if Congress is unable to reach a deal to fund the federal government past its deadline.

Edgar, the SEC’s corporate filing system, will be fully functional, but only about 400 of the Wall ...