SEC issues new guidance allowing IPO companies to file registration documents without an offering price during the government shutdown

According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has issued new guidance allowing companies planning IPOs to submit registration documents without specifying a specific offering price during the government shutdown, aiming to alleviate regulatory bottlenecks caused by the approval process. The SEC emphasized that while this measure streamlines the process, it may still raise questions about or require revisions to companies' financial reports.