Palantir moves toward stock listing with confidential filing

Palantir moves toward stock listing with confidential filing”

Data analytics company Palantir Technologies Inc said on Monday it has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) to go public.

Co-founded in 2004 by billionaire Peter Thiel, the company has been involved in some of the USA government's most politically sensitive projects, from identifying terrorists to the tracking of illegal immigrants.

Timing of the listing, Palantir said, would depend on the SEC completing its reviews, as well as market conditions and other factors.

Palantir's announcement didn't give any hints about what valuation the business would goal for when it goes general public. Furthermore, it allows companies to evade the traditional filing process and keep sensitive information such as financial figures and potential risks out of the hands of competitors, investors, and customers until the date for listing shares gets closer. Under traditional accounting principles, Palantir's revenue past year was under $750 million, two investors have said.

More news: 'I disagree' with Fauci on COVID-19 in the US

It was not immediately clear whether the company plans to list its stock through an IPO or through the direct listing process used recently by companies like Slack and Spotify. However, a confidential filing doesn't always translate to an IPO.

Palantir is continuing to push ahead in the private markets with the capital raising of ~ US$960 million including ~US$550 million of that already sold, and a further ~ US$411 million remaining to be raised.

With today's news, the cash raise looks complementary to the company's ambitions to go public. The online mobile-based insurance startup Lemonade launched its IPO last Wednesday and saw its shares jump more than 30% before closing up almost 140% on Thursday. The firm has yet to turn a profit despite working with corporations and governments around the world, according to The Wall Street Journal. The company was co-founded by billionaire trader Peter Thiel. For example, investigations show that the company's data mining software was used to create profiles of immigrants and consequently aid deportation efforts by the ICE.

The department quoted the "unusual and compelling urgency" of the COVID-19 as its reason for awarding the no-bid contracts.

Like this



09 July 2020
No new COVID-19 deaths and 12 new cases
Data from the BC CDC shows the epidemiologically linked case has already recovered from the respiratory virus. Henry notes an exposure event has been recorded at Hotel Belmont bar and nightclub in downtown Vancouver.

09 July 2020
'A heartbreaking day for us': Amid financial struggles, Stanford cuts 11 sports
Stanford now offers 36 varsity sports, more than almost every other Division I college in the country, the university said. The school projected the deficit to exceed $12 million in the fiscal year, which would "grow steadily".

09 July 2020
Tropical Storm Edouard becomes 5th named storm of Atlantic Hurricane Season
This tropical wave was several hundred miles east of the Windward Islands and was headed westward toward the Caribbean. As a result, rain chances will be on the increase with unsettled weather likely at times on Tuesday and Wednesday.

09 July 2020
High-risk teenager dies after attending mask-free church party
That was until about six days after symptoms appeared, when they noticed she had a grey appearance while she was sleeping. The FDA has warned people not to use the drug outside of supervised hospital settings due to possible side effects.

09 July 2020
'The Last Kingdom' Renewed for Season 5 at Netflix
Because Kim Eun-hee told The Hollywood Reporter that Kingdom is a series that gives her more energy, the more she writes it. Carnival movies have teased as Uhtred realises he's needed to combine England what will happen in the new season.

09 July 2020
Confirmed COVID-19 Cases in West Hollywood Now Total 300
Older adults and people with existing health problems are at higher risk of more severe illness, including pneumonia, or death. About 77 percent of those infected with the coronavirus in Pennsylvania have recovered, the health department estimates.

09 July 2020
United States stocks open higher, resuming upward climb
The Nasdaq outpaced the other two major indexes, ending 1.4% higher, led by, its fourth record closing high this month. The number of confirmed USA coronavirus cases surpassed 3 million, affecting almost one of every 100 Americans.

09 July 2020
Amazon pulls Washington Redskins merchandise from website
The moves come as controversy over the team's name, and the owner's longtime refusal to change it, has received renewed attention. Snyder has refused to alter the Washington name since his purchase of the team in 1999, but has apparently had a change of heart.

09 July 2020
Audi Q4 E-tron Sportback leaks online ahead of unveiling today
The new auto , however, has a far sportier exterior, with inclined D-pillars and a spoiler that runs under the rear window. Instead of chrome-plated metal decor frames, the surfaces are covered with a high-quality multi-layer paint finish.

09 July 2020
OnePlus Nord will come with 48MP primary camera with OIS
The company also says that the handset will come with a flagship-level camera along with optical image stabilisation (OIS). OnePlus is skipping North The us for this inaugural Nord start and will rather target on spots like Europe and India.