After announcing a private raise of $1 billion, Palantir quietly announces it's going public.
... [+]A week after quietly filing plans to raise $1 billion, big data crunching juggernaut Palantir has announced it’s filed confidential plans for a public listing with the Securities and Exchange Commission .
Very little information is available beyond Palantir’s statement, which reads: “Palantir Technologies Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed public listing of its Class A common stock. The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions.
Palantir has been building up its government work of late, with major contracts signed with U.S. and U.K. health bodies in fighting the Covid-19 pandemic. The Peter Thiel-backed Silicon Valley company, said to be worth $20 billion, scored multimillion deals with the Health and Human Services department and with the U.S. Coast Guard on their respective coronavirus response plans, as
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Palantir confidentially files to go publicPalantir Technologies Inc. announced late Monday that it has confidentially filed paperwork to go public. In a news release, the data-analysis company co-founded by Peter Thiel said it had filed a draft registration statement with the Securities and Exchange Commission. The news release did not specify whether Palantir would go the IPO route or go public through a direct listing, and neither the number of shares nor potential share price was announced. "The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions," Palantir said in the release. The highly secretive software company, last valued at around $20 billion in 2015, has been a top IPO candidate for years. It would likely face intense scrutiny for its sensitive data-mining work with the U.S. government.
Read more »
Palantir confidentially files to go publicPalantir, which has raised billions of dollars in venture financing, is finally ready to go public.
Read more »
Palantir, One of Silicon Valley’s Oldest Startups, Files to Go PublicPalantir Technologies said it has confidentially filed paperwork with the Securities and Exchange Commission to go public, ending an extended wait that made the data analytics company one of Silicon Valley’s oldest private startups.
Read more »
Data analytics firm Palantir confidentially files to go publicData analytics company Palantir Technologies Inc said on Monday it has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) to go public.
Read more »
Lucky Brand Jeans Files for Bankruptcy, Will Fail to Collect on Inevitable Low-Rise Jeans RevivalCovid-19 has caused yet another fashion house to file for Chapter 11 bankruptcy: Lucky Brand Dungarees, LLC, currently owned by Leonard Green & Partners LP and best known as Lucky Brand Jeans, Business Insider reports. The retailer is hoping to sell to SPARC Group LLC, parent company of Aéropostale and Nautica, for $140.1 million in cash and $51.5 million in credit. According to NBS Los Angeles, Lucky will shutter at least 13 stores during bankruptcy. If only they could hold out until the low-rise denim trend of the ’00s returns in full force.
Read more »