Palantir begins Wall Street charm offensive ahead of public listing

Palantir Technologies Inc, the U.S. data analytics company known for its secretive work with the Central Intelligence Agency and other government groups, on Wednesday began efforts to woo Wall Street investors ahead of a public listing later this month.

Palantir, co-founded in 2003 by billionaire Peter Thiel, is among 2020's most eagerly anticipated public listings, with much conjecture about how much the company is actually worth and whether investors will view it as a lucrative software provider or a less-glamorous consulting business.

"Historically, periods of macro instability or crisis have been a huge tailwind for us. The global financial crisis, ISIS attacks in Europe in 2015, and 2016, the present day COVID. And it's a tailwind for us because it means that the competitive alternative of building your own solution in three years or more, is just not viable," Chief Operating Officer Shyam Sankar said at the investor day.

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