this post was submitted on 01 Jun 2026
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[–] jonathan@piefed.social 22 points 13 hours ago (2 children)

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

[–] W3dd1e@lemmy.zip 2 points 5 hours ago (1 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.

[–] ohulancutash@feddit.uk 3 points 3 hours ago* (last edited 3 hours ago)

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.

[–] Imgonnatrythis@sh.itjust.works 12 points 11 hours ago

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