It's becoming more common now with the 2012 JOBs act, which allows companies to qualify as an Emerging Growth Company (EGC). Companies can then file confidentia

It's becoming more common now with the 2012 JOBs act, which allows companies to qualify as an Emerging Growth Company (EGC). Companies can then file confidentially and enjoy some other benefits that lower the IPO barrier. Here's info from the SEC about the confidential submission process [1]. $1B revenue is usually the bar to say under to qualify. I built an app to help startups assess their IPO readiness [2]. If you look under Legal & Compliance -> SEC -> EGC qualification tracking, it has a bunch of details. [1] https://www.sec.gov/divisions/corpfin/guidance/cfjumpstartfaq.htm https://www.sec.gov/divisions/corpfin/guidance/cfjumpstartfa... [2] https://ipo-ready.com/#legal-compliance https://ipo-ready.com/#legal-compliance