Comment | Startups want to go public, but privately
Confidential IPO filings work, like it has in the US. But, the regulator must maintain confidentiality at its end as well.
November 22, 2019 / 12:00 PM IST
Technology startups are a spoiled lot, some observers may surmise. They want all sorts of concessions, don't want to pay tax, put out elaborate structures to circumvent regulations. These complainers may have one more grouse if tech companies’ latest demand is accepted.
IndiaTech, the lobby group on internet commerce, has requested the market regulator Securities and Exchange Board of India (Sebi) to allow confidential filings of initial public offering (IPO) papers in India, like it happens in the US....