Tech
ETtech Explainer: What is confidential IPO filing, and why do startups choose it?
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Online investment platform Groww filed its draft red herring prospectus (DRHP) with the market regulator for its initial public offering (IPO) through the confidential route, according to a public notice dated May 26.
More and more tech firms are choosing to opt for a confidential filing, but what does it mean, and why is it used? ETtech explains.
Confidential IPO route
A confidential IPO filing allows a company to submit its IPO registration documents to the Securities and Exchange Board of India (Sebi) without immediate public disclosure.
This…
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