Palantir reveals confidential IPO filings with SEC

by   CIJ iDesk I
2020-07-07   15:50
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Palantir, known as a secretive big data an analytics startup, has confidentially filed paperwork with the SEC to go public. The company made the announcement on Monday, sparking a barrage of interest by saying no more than "The public listing is expected to take place after the SEC completes its review process." What it didn't say was when it would go public, how many shares it would sell or anything about the price it hoped to command. Expectations, however, are that its current valuation lies somewhere between $20bn and $26bn. Uber is the last tech company of this size to go public, assuming the WeWork's description of itself as a tech company is as unfounded as investors eventually judged it to be. In confidential IPOs, companies are not required to provide all the juicy bits of information usually required by investors. Palantir's clients include the United States government and organizations involved in intelligence work.