<h1>Company launches one-day home-improvement sub-brand, discloses rollout details while filing DRHP for proposed IPO, raising regulatory disclosure risk</h1> A tech-enabled services marketplace (the company) launched a one-day home-improvement sub-brand and disclosed operational details and geographic rollout. Separately, the company has filed a draft red herring prospectus with the securities regulator proposing an initial public offering, subject to approvals and market conditions; the filing cautions investors about investment risks and disclaims reliance on the DRHP for investment decisions. From a corporate law and securities perspective, public statements in promotional materials and press releases may attract regulatory scrutiny for accuracy and completeness under securities laws; potential liabilities and investor remedies would arise if disclosures prove materially misleading.