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Showing posts with the label BITS the Business of Technology Daily Report.

Bits | The business of Technology Daily report February 10, 2014.

Technology  |   Business Day   |   Personal Tech Monday, February 10, 2014 For the latest updates, go to  nytimes.com/bits » Daily Report Tech I.P.O.'s Cloaked in Secrecy Becoming the 'New Normal'   | Choosing to file confidentially for an initial public offering is fast becoming the norm for young technology companies,  David Gelles and Michael J. de la Merced report . On Friday, GoPro, the video camera maker  favored by extreme athletes and everyday adventurers , became  the latest to file such a "secret I.P.O." Companies like GoPro are taking advantage of a provision in the 2012 JOBS Act that allows a company to file with the Securities and Exchange Commission but withhold from the public significant information about its finances until just before shares are sold to the public. "It wasn't really a hard decision," said Robert Chesnut, the general counsel of Chegg, an education start-up that filed confidentially