Palantir said it confidentially filed to go public, ending a wait that made Peter Thiel's data company one of Silicon Valley's oldest private startups
Palantir Technologies Inc. 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.
Palantir had teased the market with plans to list shares for at least half a decade. Co-founded in 2004 by famed investor Peter Thiel, it sells software to aggregate big data for governments and corporations world-wide. The Palo Alto, Calif. company’s analytics were credited with helping the...
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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.
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