Plenty of experts are now predicting a record was of IPOs in the new year–including in a recent Wall Street Journal report–but it’s important to note that nothing’s happening until the government shutdown ends. On this Happy New Year, the SEC is for the most part closed, and it’s hard to see new IPOs hitting the market while it is. Plus scheduled IPOs may be delayed even once the standstill comes to an end since there’s no one in the office now to process filings that have been. Same goes for new fund, exchange and broker dealer applications. So just as interesting as the politics may be the agency response to the backlogged regulatory matters building up in the agency’s unchecked inboxes.