3 ms·
The S-1 has this section with title "Directed Share Program": "At our request, the underwriters have reserved up to [blank] shares of Class A commo
by fhrow4484 6y ago
The S-1 has this section with title "Directed Share Program":
"At our request, the underwriters have reserved up to [blank] shares of Class A common stock, or [blank]% of the shares offered by this prospectus, for sale at the initial public offering price through a directed share program to:
* Eligible U.S. hosts who hosted on our platform in 2019 and 2020 [...]"
Not sure what this means.