Richard Truesdell quoted in Bloomberg on IPO filings
Davis Polk partner and global chair of Capital Markets Richard Truesdell was quoted in Bloomberg on IPO filings ahead of a potential government shutdown. Companies interested in listing would need to file this week to avoid any impact from a potential government shutdown next month.
“The question starting next week is whether issuers will be willing to file publicly in order to have the optionality if there is another government funding extension with the risk of being on file publicly for months if there is no extension,” Richard explained.
“Corporate America Races to Beat IPO Clock With Shutdown Looming,” Bloomberg (October 17, 2023) (subscription required)