Wudi@feddit.uk to Technology@lemmy.worldEnglish · 1 month agoAnthropic confidentially files for initial public offering on US stock marketwww.theguardian.comexternal-linkmessage-square73linkfedilinkarrow-up1294arrow-down17
arrow-up1287arrow-down1external-linkAnthropic confidentially files for initial public offering on US stock marketwww.theguardian.comWudi@feddit.uk to Technology@lemmy.worldEnglish · 1 month agomessage-square73linkfedilink
minus-squarew3dd1e@lemmy.ziplinkfedilinkEnglisharrow-up6·1 month 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-up7·1 month 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.
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.