Wudi@feddit.uk to Technology@lemmy.worldEnglish · 14 hours agoAnthropic confidentially files for initial public offering on US stock marketwww.theguardian.comexternal-linkmessage-square33fedilinkarrow-up1187arrow-down14
arrow-up1183arrow-down1external-linkAnthropic confidentially files for initial public offering on US stock marketwww.theguardian.comWudi@feddit.uk to Technology@lemmy.worldEnglish · 14 hours agomessage-square33fedilink
minus-squareJhex@lemmy.worldlinkfedilinkEnglisharrow-up35·edit-211 hours agohow can you file confidentially for a public offering? that’s like throwing a public party where you are expecting to make money of the cover charge but not telling anyone about it
minus-squareohulancutash@feddit.uklinkfedilinkEnglisharrow-up1·1 hour agoFirst 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.
minus-squarejonathan@piefed.sociallinkfedilinkEnglisharrow-up21·11 hours agoPoor wording. The content of the filing is confidential, not the act of filing.
minus-squarew3dd1e@lemmy.ziplinkfedilinkEnglisharrow-up1·3 hours agoBut 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.
minus-squareohulancutash@feddit.uklinkfedilinkEnglisharrow-up1·edit-21 hour agoFirst 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.
minus-squareImgonnatrythis@sh.itjust.workslinkfedilinkEnglisharrow-up13·10 hours agoI had read confidently and was like I bet you smug bastards.
how can you file confidentially for a public offering?
that’s like throwing a public party where you are expecting to make money of the cover charge but not telling anyone about it
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.
Poor wording. The content of the filing is confidential, not the act of filing.
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.
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.
I had read confidently and was like I bet you smug bastards.