IPO disclosures are ripe for reform : current financial disclosure rules let would-be public companies shape a rosy narrative about their prospects and obscure information that investors should know /
Current financial disclosure rules let would-be public companies paint a too-rosy picture while obscuring information that investors should know. Pre-IPO disclosures have grown increasingly bloated but typically lack information relevant to the likelihood of success for new business models. The auth...
| Main Authors: | , , |
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| Format: | eBook |
| Language: | English |
| Published: |
[Cambridge, Massachusetts] :
MIT Sloan Management Review,
2022.
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| Edition: | [First edition]. |
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Current financial disclosure rules let would-be public companies paint a too-rosy picture while obscuring information that investors should know. Pre-IPO disclosures have grown increasingly bloated but typically lack information relevant to the likelihood of success for new business models. The authors propose "triggered" disclosures tailored to a company's value drivers, wherein claims about customer value and potential market size must be supported by the consistent, objective collection of baseline data. |
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| Item Description: | Reprint #63418, Summer 2022 issue, vol. 63, no. 4. |
| Physical Description: | 1 online resource (9 pages) : illustrations |
| Bibliography: | Includes bibliographical references. |