Comment by Maxatar
4 hours ago
It's the contents of the submission that are confidential, not the fact that they are submitting.
The contents themselves contain a lot of detailed information about the internals of the company including financials, revenue, ownership details etc... those details are what's confidential until the SEC gives its approval, at which point the public can then review the document.
What this means it that it won't survive scrutiny, so better hide it so that there is only a small amount of time to do it.
Why do you think this? Confidential filings before an IPO are standard practice.