I asked my wife (audit, big 4, alternative investments) why there would be an amendment to an S1 and while she doesn’t deal with companies going public directly, she said that amendments are pretty common for funds that go public. The reason being is that a company can file for S1 (or Form 10) before the initial seed audit is complete and SEC or audit firm may have some additional requirements/disclosures to be added.<p>Perhaps someone for Finance world can chime in with additional info.
At the end of the page, there is a list of exhibits. The only exhibit marked as not being previously included is Exhibit 23.1 - Consent of Independent Registered Public Accounting Firm [1]<p>It's just a few lines from KPMG saying "We consent to the use of our report included herein and to the reference to our firm under the heading “Experts” in the prospectus"<p>I think someone just forgot to include that attachment, hence the amendment.<p>[1] <a href="https://www.sec.gov/Archives/edgar/data/1477333/000119312519242455/d735023dex231.htm" rel="nofollow">https://www.sec.gov/Archives/edgar/data/1477333/000119312519...</a>
There have been 2 amendments to their original S-1 filing. Main difference appears to be that it is currently estimated that the initial public offering price per share will be between $12.00 to $14.00, an increase from $10.00 to $12.00
This seems like a pretty big deal, and is part of the amendment: <a href="https://www.businessinsider.com/cloudflare-us-law-terrorists-narcotics-traffickers-2019-9" rel="nofollow">https://www.businessinsider.com/cloudflare-us-law-terrorists...</a>
I'm not a big fan of the dual class voting structure of these IPOs. It just seems cleaner when a share gets a vote. Obviously this seems to let some private individuals lock up control of a "public" company.
I am not into shares really so allow me the question: does someone know when these shares will "launch"? Couldn't find a date and honestly don't know where to look exactly.
There seems to have been a few big moves down among recent SaaS IPOs (Slack, Medallia, CrowdStrike).<p>Not sure why the market is suddenly fearful, though objectively these are mostly still overpriced.
What is this?<p>Here's an explanation of S-1 forms:<p>SEC Form S-1 is the initial registration form for new securities required by the SEC for public companies that are based in the U.S. Any security that meets the criteria must have an S-1 filing before shares can be listed on a national exchange, such as the New York Stock Exchange.<p>More: <a href="https://www.investopedia.com/terms/s/sec-form-s-1.asp" rel="nofollow">https://www.investopedia.com/terms/s/sec-form-s-1.asp</a>