Capital markets partner Rachel Phillips spoke to CFO Dive about the high volume of registration statements the SEC received while the government was closed between October 1 and November 12, and how companies looking to go public should prepare for potential delays.
The more than 900 registration statements filed during the shutdown is "indicative of a lot of market activity, even in a shutdown environment,” Rachel told CFO Dive, in an article reprinted in Yahoo Finance.
Rachel told the publication she would advise companies that want to go public in the short term to be flexible and have a "plan B."
“For companies that are set on hitting a January market window, if they’re not well under way in a comment process or they’re not a very straightforward business… they need to mentally prepare themselves for being delayed if the SEC has extensive comments for them,” she said.
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