this post was submitted on 01 Jun 2026
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274
Anthropic confidentially files for initial public offering on US stock market (www.theguardian.com)
submitted 1 day ago by Wudi@feddit.uk to c/technology@lemmy.world
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[–] Jhex@lemmy.world 49 points 1 day ago* (last edited 4 hours ago) (2 children)

how can you file confidentially for a public offering?

that's like throwing a public party where you are expecting to make money off the cover charge but not telling anyone about it

[–] ohulancutash@feddit.uk 9 points 17 hours ago (1 children)

First an IPO has to get SEC approval. A confidential filing means they send the information to the SEC without it being generally available. The public prospectus follows after approvals are given.

[–] Jhex@lemmy.world 2 points 4 hours ago

good to know… thanks for the info

[–] jonathan@piefed.social 31 points 1 day ago (2 children)

Poor wording. The content of the filing is confidential, not the act of filing.

[–] W3dd1e@lemmy.zip 7 points 19 hours ago (2 children)

But don’t the public investors need that info to decide? Like a prospectus?

I don’t know that much about IPOs. I’m just assuming.

[–] prole@lemmy.blahaj.zone 2 points 4 hours ago

Yeah, wanting to keep that private just seems shady and like it should be a major red flag

[–] ohulancutash@feddit.uk 7 points 17 hours ago* (last edited 17 hours ago) (1 children)

First the SEC and other authorities need to vet the offering. By filing confidentiality this initial stage is kept from competitors.

It means that instead of filing publicly 90-120 days ahead, they can hold off public prospectus to 21 days ahead of launch.

[–] wewbull@feddit.uk 5 points 6 hours ago

Well that's shady as fuck.

[–] Imgonnatrythis@sh.itjust.works 17 points 1 day ago

I had read confidently and was like I bet you smug bastards.