Ponzi schemes are forbidden by law, so no that would not be permissible. It's completely legal to file for an IPO for a company when you have no business plan y

Ponzi schemes are forbidden by law, so no that would not be permissible. It's completely legal to file for an IPO for a company when you have no business plan yet though. As long as you are open about what you intend to do and it's not illegal then the SEC won't stand in your way. See https://www.investor.gov/introduction-investing/investing-basics/glossary/blank-check-company https://www.investor.gov/introduction-investing/investing-ba... for example.