Davis Polk global chair of Capital Markets Richard Truesdell was quoted in Bloomberg on the IPO market and the challenges facing companies who want to go public by the end of the year, including a potential government shutdown in November. Richard explained that some IPOs in the pipeline have been in the works for years during the market correction, but for other companies it still might make sense to wait.

“People are reluctant if they can’t see a clear path to being able to do the deal to file publicly and bring the scrutiny it brings and divulge all the information they need to,” Richard noted.

Shutdown Fears Are Back and Nascent IPO Rebound Could Get Hit,” Bloomberg (October 7, 2023) (subscription only)