DRHPs of today are different

By Nithin Sasikumar in BFO #331, 21 Jul, 21

400 plus pages. 

If you wish to get a first look at the inner workings of a private company just before it goes public, that’s how many pages you probably have to read. Or at least speed-read. The draft red herring prospectus (DRHP)—a document that companies file with the regulator before they issue shares to the public at large—are really long.

Take the case of foodtech startup Zomato, which launched its IPO last week.