• w3dd1e@lemmy.zip
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      2 个月前

      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.

      • ohulancutash@feddit.uk
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        2 个月前

        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.