The daily business briefing: January 10, 2019

The government shutdown forces IPO delays, Amazon's Jeff Bezos and wife MacKenzie are getting divorced, and more

Jeff and MacKenzie Bezos
(Image credit: Jorg Carstensen / Getty Images)

1. Government shutdown forces IPO delays

The government shutdown has forced companies to postpone initial public offerings of stock they had hoped to hold in January, due to the partial closure of the Securities and Exchange Commission, The Wall Street Journal reported Wednesday, citing sources that included bankers and lawyers. The firms that have held off on listing shares include biotechnology firms Gossamer Bio, Alector, and Blackstone Group LP's Alight Solutions. It now appears that no major company will hold an IPO this month. Since 1995, Dealogic data indicate that there have been IPOs in every January but three, in 2003, 2009, and 2016. Those years have been among the weakest on record for IPOs. This year is supposed to be a strong one.

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