this post was submitted on 01 Jun 2026
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304
Anthropic confidentially files for initial public offering on US stock market (www.theguardian.com)
submitted 2 days ago by Wudi@feddit.uk to c/technology@lemmy.world
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[–] Jhex@lemmy.world 50 points 2 days ago* (last edited 1 day ago) (2 children)

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

[–] ohulancutash@feddit.uk 11 points 1 day ago (1 children)

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.

[–] Jhex@lemmy.world 3 points 1 day ago

good to know… thanks for the info

[–] jonathan@piefed.social 32 points 2 days ago (2 children)

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

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

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

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

[–] prole@lemmy.blahaj.zone 2 points 1 day ago

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

[–] ohulancutash@feddit.uk 7 points 1 day ago* (last edited 1 day 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 1 day ago

Well that's shady as fuck.