Confidential IPOs still a blind spot for bankers.

The Morning Ledger: Foreign Firms Enjoy Inversion Advantage in M&A - btbirkett@gmail.com - Gmail



Confidential IPOs still a blind spot for bankers. Investment bankers are still struggling to adapt to a more secretive initial-public-offering market, since the law let companies start filing confidentially for IPOs three years ago, Emily Chasan reports. More than 50% of investment bankers think that the lack of transparency created by the JOBS Act’s confidential filing provision has a negative impact on their ability to advise clients about potential competitors in the mar! ket, according to a survey.