Confidential Filings In Vogue After Jobs Act and Facebook IPO

Facebook Inc (NASDAQ:FB) went through what will go down as one of the worst IPOs of all time less than two weeks ago. Lessons from the process will be learned by many companies who won't fail to study the problems that led to the proceedings. Some of those companies have gone a step further and have begun filing for their offerings confidentially.

The JOBS Act brought into existence a process by which firms could file for their IPOs confidentially without the usual public oversight. We warned at the time that the name of the Act...