US Government Shutdown: Impact on the IPO Market

The partial US government shutdown has started to impact one aspect of Wall Street – the IPO market. The Securities and Exchange Commission has been partially closed, which means that companies planning to list shares on the stock market this month have to delay their plans. Host Dan Loney talks with David Zaring, Assistant Professor of Legal Studies and Business Ethics at the Wharton school, and James Cox, a Law Professor who specializes in corporate and securities law at Duke University, on Knowledge at Wharton.