• w3dd1e@lemmy.zip
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      3 hours ago

      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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        1 hour 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.