SolarCity files for IPO, but thanks to JOBS Act, we can’t see filing

President Barack Obama speaks to a joint sessi...

by siliconbeat.com

Today, we learned that SolarCity has filed for an IPO. In the past, when this happened, companies filed at S-1 which gaves us our first real look at the numbers that underly their business. How much revenue? How much profit? How much do they pay their executives? Who owns how many shares?

Alas, now that Congress has passed the JOBS Act and President Obama signed it, we know zip. That’s because the JOBS Act allows companies that have less than $1 billion in revenue to file non-public drafts with the U.S. Securities and Exchange Commission. The SEC will review and advise on necessary changes. Once it’s tidied up, just a few weeks before the company actually starts selling shares, we’ll get a peak.

Read more…

ENERGY DISCOUNT: Want to get solar power now? Get it from us when you Contact us!

Advertisements

About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: