Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
May 6, 2012 07:00 pm GMT

Under New JOBS Act, More IPO Prospects Consider Filing Confidentially

ipoSolarCity, the cleantech company backed by Tesla and SpaceX CEO Elon Musk, filed for an IPO this past week. But there's hardly been a peep about it compared to most offerings.That's because under the recently passed JOBS Act, SolarCity didn't have to publicly share anything about its financial performance when it filed. This is unlike LinkedIn and Pandora, which had to publicly release three years of data in filings that were more than 150 pages long. In SolarCity's case, the company merely put out a two-paragraph statement saying that it had confidentially filed with the SEC and planned to have an IPO.This is the new world under the JOBS Act, which was hastily passed last month.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/DOiCfnznAX0/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch