JOBS Act
A US law enacted in 2012 that created a confidential submission channel for emerging growth companies, allowing them to file and revise draft registration statements with the SEC on a non-public basis before formally going public.
Timeline (last 90 days)
According to the US JOBS Act, a company planning to go public can communicate with institutional investors before formally submitting its S-1 filing, in order to assess the market's acceptance of its valuation and business model.
Confidential submission relies on the channel opened up for emerging growth companies by the 2012 JOBS Act, allowing companies to first submit a draft to the SEC on a non-public basis and revise it repeatedly before formally going public.
All Facts (2)
According to the US JOBS Act, a company planning to go public can communicate with institutional investors before formally submitting its S-1 filing, in order to assess the market's acceptance of its valuation and business model.
50%UnverifiedConfidential submission relies on the channel opened up for emerging growth companies by the 2012 JOBS Act, allowing companies to first submit a draft to the SEC on a non-public basis and revise it repeatedly before formally going public.
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