Palantir sells $500 million in stock ahead of possible IPO - Business Insider

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Palantir has raised more than $500 million as the secretive and controversial startup works toward a possible IPO

Palantir's value has also appeared to shrink in recent years, with shares hitting secondary markets at heavy discounts. The company in Junes. In 2015, Palantir was valued as much as $20 billion but secondary shares have hinted at valuations between $8 billion and $12 billion.

At the same time, the company's work — and Trump-supporting cofounder — have only become more controversial. The company's approach to finding big patterns in data sets has found a niche among law enforcement for filtering through phone records, photos, vehicle information, financial transactions, and more.

 

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