Technology

85080 readers

3884 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related news or articles.
Be excellent to each other!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
Check for duplicates before posting, duplicates may be removed
Accounts 7 days and younger will have their posts automatically removed.

founded 3 years ago

MODERATORS

275

submitted 1 day ago by Wudi@feddit.uk to c/technology@lemmy.world

69 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] 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.