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Confidential IPOs: The upside of filing in private

Confidential IPOs: The upside of filing in private

09 May 2017

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Since 2012 the Jumpstart Our Business Startups (JOBS) Act has allowed companies with revenue under US$1bn to file for a public offering confidentially. Five years on, this type of IPO has become increasingly popular. Qualifying companies are taking advantage of the process, safeguarding their financial information while they work in private to ensure they meet the reporting standards of the SEC.

In order to understand the opportunities and challenges associated with confidential IPOs, Vintage commissioned Mergermarket to interview four IPO experts for their insights.

Points of discussion include:

  • Are there certain types of companies or sectors for which confidential offerings make sense?
  • What are the drawbacks or difficulties involved in conducting a confidential IPO?
  • In what ways are confidential filings beneficial or harmful to the investor class?
  • Why do some companies use this process but at the same time advertise their debut publicly?