They are disclosing information that must be disclosed before conducting the initial public offering (e.g. making their stock available for purchase to you and

They are disclosing information that must be disclosed before conducting the initial public offering (e.g. making their stock available for purchase to you and others in the public). You can assume an IPO is coming up in the not too distant future, but there are reasons it might not happen, such as lower than expected desire for the stock they'd like to offer.