IPOs Still Face Uncertainty Even As Government Reopens

By Tom Zanki (January 28, 2019, 8:47 PM EST) -- Even with the U.S. Securities and Exchange Commission back at full staff now that the government shutdown is at least temporarily over, only a narrow sliver of companies with time-sensitive plans to complete initial public offerings are likely to move forward on deals in the coming days.

Lowenstein Sandler LLP partner Steve Skolnick said he is advising underwriters on two small IPOs from life sciences companies that hope to take advantage of a brief market window in the next two weeks or so. Lawyers point out that biotechnology firms, which often lack revenue in their early stages, have a more urgent...

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