They cannot make large product announcements or changes in the "quiet period" between when the IPO is publically filed and when it goes live. This is a rumor of

They cannot make large product announcements or changes in the "quiet period" between when the IPO is publically filed and when it goes live. This is a rumor of a private filing, not the public filing, so yes Spectacles are well in the clear. You can make large announcements right up till the day the IPO is published on the SEC website. This is because you are not supposed to solicit people to buy your shares before it goes public.