economy

Confidential submission of draft S-1 to the SEC

We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.

Confidential submission of draft S-1 to the SEC

TL;DR

  • Confidential S-1 filing submitted to the SEC.
  • Announcement made proactively due to anticipated leak.
  • Timing for public offering is undecided and may be delayed.
  • Flexibility to go public sooner is maintained.
  • Announcement made pursuant to Rule 135 of the Securities Act of 1933.