Wudi@feddit.uk to Technology@lemmy.worldEnglish · 3 days agoAnthropic confidentially files for initial public offering on US stock marketwww.theguardian.comexternal-linkmessage-square80linkfedilinkarrow-up1309arrow-down18
arrow-up1301arrow-down1external-linkAnthropic confidentially files for initial public offering on US stock marketwww.theguardian.comWudi@feddit.uk to Technology@lemmy.worldEnglish · 3 days agomessage-square80linkfedilink
minus-squareJhex@lemmy.worldlinkfedilinkEnglisharrow-up50·edit-22 days agohow can you file confidentially for a public offering? that’s like throwing a public party where you are expecting to make money off the cover charge but not telling anyone about it
minus-squarejonathan@piefed.sociallinkfedilinkEnglisharrow-up32·3 days agoPoor wording. The content of the filing is confidential, not the act of filing.
minus-squareImgonnatrythis@sh.itjust.workslinkfedilinkEnglisharrow-up18·3 days agoI had read confidently and was like I bet you smug bastards.
minus-squarew3dd1e@lemmy.ziplinkfedilinkEnglisharrow-up7·3 days 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-up7·2 days 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-squareprole@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up2·2 days agoYeah, wanting to keep that private just seems shady and like it should be a major red flag
minus-squareohulancutash@feddit.uklinkfedilinkEnglisharrow-up11·2 days 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.
how can you file confidentially for a public offering?
that’s like throwing a public party where you are expecting to make money off the cover charge but not telling anyone about it
Poor wording. The content of the filing is confidential, not the act of filing.
I had read confidently and was like I bet you smug bastards.
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.
Well that’s shady as fuck.
Yeah, wanting to keep that private just seems shady and like it should be a major red flag
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.
good to know… thanks for the info