IPOs in Limbo as Shutdown Threatens Billions of Dollars of Deals

The long-awaited IPO revival is poised to slow if the ongoing US government shutdown lingers, putting billions of dollars worth of deals on hold.

Initial public offerings for companies ranging from travel software startup Navan Inc. to Andersen Group Inc., the tax and advisory firm led by former partners of the firm that collapsed as a result of the Enron scandal, are left in limbo as the US Securities and Exchange Commission remains largely shuttered. These companies are among the handful of listing candidates that could’ve begun formally marketing their deals to investors as soon as Monday.

Instead, ...