Since LegalZoom.com (
) became the first company to publicly file (on May 11) after
working through a confidential submission with the SEC, twelve
more companies have done so, representing 34% of the
35 US filings since May 11
. As we have noted previously, we believe
confidential filings have far outpaced the
official number of new US IPO filings
since the JOBS Act went into effect in early April.
This week's two new US filings, Fleetmatics Group (FM) and Summit
Midstream Partners (SMLP), both previously submitted confidential
filings. Fleetmatics is a software-as-a-service (SaaS) provider
of commercial fleet management solutions, and Summit Midstream
Partners is an midstream energy MLP.
The last four US filings, which include online real estate
company Trulia (TRLA) and biotech Regulus Therapeutics (RGLS),
have all used the confidential submission process.
Here is the full list of confidential filers that have gone on to
submit public filings with the SEC. Of the 13 confidential (and
now public) filers, four have priced, one postponed and eight are
waiting to launch.
Confidential-to-Public US IPO Filings Logged Since May
|Company Name (Ticker)
||Confidential Filing Date
||IPO filing date
|Natural Grocers (
||Prior to May 31
|Manchester United (MANU)
|Performant Financial (PFMT)
|Hi-Crush Partners (HCLP)
|Regulus Therapeutics (RGLS)
|Fleetmatics Group (FM)
|Summit Midstream Partners (SMLP)