Shutdown's Delay On IPOs Will Ripple For Months
Partner Larry Cerutti is quoted in a Law360 article titled, “Shutdown's Delay On IPOs Will Ripple For Months.” The article discusses the effect of the ongoing government shutdown on the SEC and its ability to move IPO filings through the pipeline. Uber and Lyft are mentioned as two of the large private companies expected to go public this year after years of putting off IPOs while raising money privately. Regarding these developments, Cerutti commented, “It’s unfortunate because I think they were trying to get in at a particular point in time that works for them,” adding, “It’s not working for them, nor is it working for our clients right now.”