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Uber and Lyft IPOs Are in Limbo as Shutdown Threatens 2019 Listings
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Uber and Lyft IPOs Are in Limbo as Shutdown Threatens 2019 Listings
Nine days into the year, the U.S. government shutdown could ruin the fun before it even gets started. Uber Technologies Inc. and Lyft Inc., both of which have filed confidentially with regulators for initial public offerings, believe the shutdown could slow the timeline of their listings, according to people familiar with the matter. While the final outcome depends on how long it takes for the Securities and Exchanges Commission to reopen and how substantial the feedback is when it does, neither company has gotten any comments from the agency, said the people, who asked not to be identified as the details aren’t public.
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