Bloomberg Law
Jan. 9, 2019, 8:25 PM UTC

Uber and Lyft IPO Timing Said to Be Left in Limbo by Shutdown

Eric Newcomer
Eric Newcomer
Bloomberg News

Uber Technologies Inc. and Lyft Inc. have yet to receive feedback from the U.S. securities regulator on their confidential submissions for initial public offerings, people familiar with the matter said.

A partial government shutdown resulting from President Donald Trump’s negotiations for a wall on the southern border has sapped the Securities and Exchange Commission of resources, delaying what’s expected to be a busy year for IPOs.

The ride-hailing companies, likely two of the year’s biggest offerings, believe the shutdown could slow their public debuts depending on how long it takes for the SEC to reopen and how substantial the agency’s ...

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