I work for a very large publicly traded company doing b2b sales. I visited an existing client and pitched additional services for them (chasing that expansion dollar).
Said customer is a branch of a very large privately held company that we have been doing business with for years and have a nationwide partnership with to provide services to their 7000+ locations.
My contact who manages one of these locations told me he didn't think he could add more services right now. I asked if it was just their slow season (something another branch manager told me earlier the same day) and this genius said "Nope. We are busy as ever I just don't think [company] will approve me spending additional money right now because they are planning on going public in 2025."
I said "what are you talking about?" since there has been no news or announcements about this company and he said "yeah they are wanting to IPO next year".
My company expects me to report things like this to cover our own ass but my question is does this conversation equal an inappropriate passing of insider information.? And instead of asking legal, I'm asking you, the real brain-trust.
Update:
Thank you all for your input. I wasn't suggesting reporting this to the SEC because who has the time for that? I was more interested on if this is something that was worth me telling my manager who would then tell legal who would then want to schedule a teams call that could be an email because that is how serious my company takes everything. I appreciate the perspective and I am just gonna do what my dad always told me a "keep my fuckin' mouth shut"
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