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Thanks to the recently-passed JOBS Act, companies with less than $1B in annual revenue that are...
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Monday, May 7, 2012, 7:08 PM ETThanks to the recently-passed JOBS Act, companies with less than $1B in annual revenue that are looking to go public no longer have to share their financials with the public via a detailed S-1. One recent example is SolarCity, which alerted the public of its planned IPO with a mere 2-paragraph PR stating it has confidentially filed with the SEC. Still, most firms will likely file publicly, since doing otherwise will arouse investor suspicions. (previous)
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