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Do you think the disagreement over the debt ceiling will put a damper on the IPO frenzy?
If an agreement isn't reached over the debt ceiling, cash will be tight when Zynga and other tech companies decide to go public. If an agreement isn't met, do you think investors will still rush to the IPO market? Will Zynga, and the other tech companies gearing up for their IPOs, still go public if such an event occurs?
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3 Answers
If an agreement isn't reached, then yes interest rates will very likely go up - perhaps significantly - and the stock market will almost certainly decline - which will put a major damper on IPOs.
Whether the IPOs still go on is up to the companies and their underwriters - some undoubtedly still will (especially well-known companies who are already in the pipeline) but newer, lesser-known ones will likely try to wait it out.
It seems like none of us are quite sure what the results of this new game of chicken are going to be.
I don't know how to explain the impact of a country the size of the US being in default on its debt. I think the government shuts down immediately (can't pay anyone). Social security checks stop going out (can't pay them either). Parks and libraries close. Amtrak stops. I think (not sure) that within a month or so the USPS stops functioning. Welfare checks stop.
I think damper might well be an understatement, but I guess we're about to find out.
If agreement is not reached, interest rates will shoot up. Also, the stock market will shoot down. This will have repercussions all over the world
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