6 ms·
I asked my wife (audit, big 4, alternative investments) why there would be an amendment to an S1 and while she doesn’t deal with companies going public directly
by bardworx 7y ago
I asked my wife (audit, big 4, alternative investments) why there would be an amendment to an S1 and while she doesn’t deal with companies going public directly, she said that amendments are pretty common for funds that go public. The reason being is that a company can file for S1 (or Form 10) before the initial seed audit is complete and SEC or audit firm may have some additional requirements/disclosures to be added.
Perhaps someone for Finance world can chime in with additional info.
- ping_pong 7y agoMy wife is also in Finance. She said an amended S1 is nothing special whatsoever, it's common.
- JMTQp8lwXL 7y agoNot a finance person, but this sounds like good news for Cloudflare then. I'm sure they'd prefer to avoid the type of attention WeWork is getting (WeWork's roadshow reportedly begins Monday).
- jaggednad 7y agoFormer lawyer who worked on IPOs. Can confirm, amendments to S1s are common af. Basically always see them
- paulborza 7y agoGroupon for example had quite a few amendments.
- bt848 7y agoS-1/A are extremely common. I can't recall an IPO without one. There were 8 of them filed today alone. https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=S-1%2FA&owner=include&count=40&action=getcurrent https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=...
- bardworx 7y agoThanks for that link. I wasn’t familiar with EDGAR enough to know you can sort by latest fillings. Really helpful.
- bt848 7y agoEDGAR's own search facilities are fairly poor. I mirror and index it in Lucene for my own purposes.
- godzillabrennus 7y agoDo you offer that on a public facing website?
- bt848 7y agoNot sure I have the budget for that :-) . I've often thought it could make a decent business offering though.