Why can’t potential investors get a glimpse of a company’s finances before an IPO?
March 19th, 2010 | 
Author: Is it because they are a private company and their books are closed?
Once they go “public”, everyone can see it?
Is it because they are a private company and their books are closed?
Once they go “public”, everyone can see it?
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They can. Companies have to file a preliminary prospectus with the SEC before the IPO. Its officially called an S-1. Also called a red herring. It has financial statements and a description of the company and other things. You can look them up at the SEC website, sec.gov