The U.S. government shutdown is causing delays in IPO filings and approvals, impacting private companies looking to go public. Despite this, the IPO market is strong, with 163 deals and $31 billion raised so far in 2025.

Investors and companies are concerned that a prolonged government shutdown could weaken confidence in the U.S. markets and economy. The shutdown has highlighted the challenges facing the market, reminding investors that these are not normal times.

Circle Internet Group, issuer of the popular stablecoin USDC, made its public debut in June with shares priced at $31. The stock soared on the first day of trading and currently trades around $152, showcasing strong investor interest in cryptocurrency technology.

Klarna, the Swedish buy now, pay later company, entered the public market in September, raising $1.37 billion. This made it the largest IPO of the year, with shares currently trading around $42. Other companies like Bullish and CoreWeave have also seen successful IPOs, raising billions of dollars.

Read more at Yahoo Finance: Government shutdown threatens to stall the recovery in the IPO market