Palantir Technologies has filed confidentially with the Securities and Exchange Commission for an initial public offering, the company said on July 6. The data-analytics company was co-founded in 2003 by Silicon Valley investor Peter Thiel, and does both commercial work and classified work for the U.S. government.
Palantir was valued at about $20 billion in a fundraising round in 2015. In recent private-market trading, the company’s shares have been changing hands at a valuation between $10 billion and $12 billion, according to Reuters’ market sources.Palantir expects revenue to grow to $1 billion this year from around $700 million in 2019, according to Reuters’ sources. For 2021, it expects revenue of around $1.5 billion.
In 2015, the company told investors it anticipated revenue of around $4 billion by the time it went public, according to one Reuters’ source.
ReutersBiz rob_cyran Money grab.
ReutersBiz rob_cyran Nope. We will not be concerned about believing if the 'recent acceleration of growth is durable'. We have hope.
ReutersBiz rob_cyran Is no one else freaked out by a data-analytics firm named PALANTIR? They're not even trying to look like they're not doing anything shady
rob_cyran I will buy. 💯