证交会允许在停产期间不计价格的IPO申报,以保持市场稳定。 SEC allows IPO filings without pricing during shutdown to maintain market stability.

2025年10月9日,美国证交会发布最新指南,允许公司在美国政府持续停业期间提交注册报表,但不包括某些价格细节,避免执法行动。 On October 9, 2025, the SEC issued updated guidance allowing companies to file registration statements without including certain pricing details during the ongoing U.S. government shutdown, avoiding enforcement action. 这一变化允许文件通过法律运作生效，从而在 SEC 人员配备有限的情况下继续进行 IPO 活动。 The change permits filings to become effective by operation of law, enabling continued IPO activity despite limited SEC staffing. 虽然SEC无法审查或宣布声明有效,但EDGAR仍然在运作,核心监管职能还在继续。 While the SEC cannot review or declare statements effective, EDGAR remains operational, and core regulatory functions continue. 该指南旨在维持资本市场的稳定,防止公共供货受到干扰。 The guidance aims to maintain capital market stability and prevent disruptions to public offerings.