this post was submitted on 01 Jun 2026
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[–] jonathan@piefed.social 32 points 2 weeks ago (2 children)

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

[–] Imgonnatrythis@sh.itjust.works 18 points 2 weeks ago

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

[–] W3dd1e@lemmy.zip 7 points 2 weeks 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.

[–] ohulancutash@feddit.uk 7 points 2 weeks ago* (last edited 2 weeks 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 2 weeks ago

Well that's shady as fuck.

[–] prole@lemmy.blahaj.zone 2 points 2 weeks ago

Yeah, wanting to keep that private just seems shady and like it should be a major red flag