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The confidential filing process allows companies to submit their registration documents to regulators without making them public.
But companies can delay or even withdraw their filings, depending on market conditions.
There were already early signs of bullishness — especially in fintech — thanks to the wildly successful 2024 IPO of ServiceTitan , a SaaS platform for the trades.
Oyo: The SoftBank -backed Indian hotel aggregator confidentially filed in India in March 2023 , Reuters reported, after a prior attempt fell through. While that attempt didn’t pan out, either, the company is reportedly planning to file again in the first quarter of 2025 . Oyo hit a $3.8 billion valuation in 2024 ..
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