证交会允许在停业期间不计价格地提交IPO文件,从而在20天内实现自动效力。 SEC allows IPO filings without prices during shutdown, enabling automatic effectiveness in 20 days.

证交会于2025年10月9日发布了新指南,允许公司在政府停业期间提交IPO和其他已登记报价,但不包括价格细节,从而使20天后根据《证券法》第8(a)节自动生效。 The SEC issued new guidance on October 9, 2025, allowing companies to file IPOs and other registered offerings during the government shutdown without including price details, enabling automatic effectiveness 20 days later under Section 8(a) of the Securities Act. 如果公司设定价格在合理范围内,并包括要求披露的信息,即使在20%的安全港之外,SEC也不会建议采取执法行动. The SEC will not recommend enforcement action if firms set prices within a reasonable range and include required disclosures, even outside the 20% safe harbor. EDGAR仍然在运作,支持归档和卸货。 EDGAR remains operational, supporting filings and shelf takedowns. 七家公司,包括Navan和Beta, 在强的市场条件下推进IPO, 合并后的潜在提升为29亿美元. Seven companies, including Navan and Beta, are advancing IPOs amid strong market conditions, with combined potential raises of $2.9 billion. 公司正在迅速采取行动,以避免延误,因为有利的条件和不确定性驱动着紧迫感。 Firms are acting quickly to avoid delays, as favorable conditions and uncertainty drive urgency.