U.S. government shutdown has halted SEC IPO processing, freezing major planned listings

The shutdown of the ￰0￱ on Wednesday has stopped the comeback of the IPO market just as it was gathering speed, according to ￰1￱ fights between Congress and President Donald Trump over federal funding shut down large parts of government ￰2￱ Securities and Exchange Commission is now running only essential functions on a skeleton ￰3￱ means no new IPO paperwork will be processed. High‑profile companies like actress Jennifer Garner’s organic baby food company, Once Upon a Farm, and electric aircraft maker Beta Technologies have been left waiting to go ￰4￱ fall period had been building momentum after nearly three years of high interest rates and market volatility that froze new ￰5￱ September 29, ￰6￱ had raised $52.94 billion from 263 listings, the busiest year since ￰7￱ largest offerings included LNG giant Venture Global, buy‑now‑pay‑later lender Klarna, and AI cloud firm ￰8￱ had been pouring money into IPO‑linked funds, hoping for strong aftermarket ￰9￱ shutdown has thrown that pipeline into uncertainty and created a backlog of ￰10￱ stops IPO work and delays Wall Street activity The shutdown is now blocking banks from closing deals and exchanges from earning listing fees.

A similar standstill happened during the longest ￰11￱ closure in history, a 35‑day stretch from December 2018 to January 2019 under Trump’s previous ￰12￱ that time, the IPO market nearly shut down completely. A few companies moved forward by locking in IPO prices weeks in advance, but most could ￰13￱ current shutdown is expected to cause the same kind of ￰14￱ will pile ￰15￱ demand will cool as pricing becomes harder to ￰16￱ some analysts believe listings could bounce back once operations resume, for now, the IPO window is effectively ￰17￱ demand and heavy inflows into IPO‑focused funds remain in the background, but the market cannot function without SEC ￰18￱ Department furlough deepens student loan delays The shutdown is also worsening delays for student loan ￰19￱ Trump’s administration, hundreds of thousands of borrowers were already stuck in a backlog for affordable repayment plans or earned debt ￰20￱ federal closure could lengthen their wait even ￰21￱ a September 28 memorandum, ￰22￱ of Education Secretary Linda McMahon estimated that it would take half a day to complete shutdown activities at the agency and confirmed that 1,485 of 1,700 employees would be ￰23￱ furloughs come on top of Trump’s March decision to cut nearly half of the Education Department staff, including many who handled applications in the Federal Student Aid ￰24￱ cuts have left more than one million borrowers trying to enroll in income‑driven repayment plans stuck in ￰25￱ 74,510 people are waiting for a determination on their Public Service Loan Forgiveness ￰26￱ repayment plans cap monthly bills at a percentage of income, and PSLF wipes out remaining debt for public servants after ten years of ￰27￱ shutdown risks making this crisis ￰28￱ Weingarten, president of the American Federation of Teachers, said the AFT filed a class‑action complaint in September against the Trump administration and accused the Education Department of denying student loan borrowers the rights guaranteed to them by ￰29￱ staff furloughed and applications piling up, relief programs required by Congress remain out of reach for ￰30￱ up to Bybit and start trading with $30,050 in welcome gifts