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Confidential submission of draft S-1 to the SEC

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Re: Confidential submission of draft S-1 to the SEC

#3
post #2

> We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it. What?

They expect someone to leak that they had submitted it, so they’re just saying it themselves. I don’t think they mean that the actual contents (like financial projections and all that) will be leaked.

Re: Confidential submission of draft S-1 to the SEC

#8
post #7

What's the point of a "confidential S-1"?? Isn't the S-1 supposed to inform potential investors?!? So ... shouldn't it _not_ be confidential??

The SEC needs to review it before approving a company to go public at all. It’s targeted at investors but they need to clear it, ask questions, demand changes, etc.
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