July 6
Palantir, the secretive and controversial big-data company cofounded by Peter Thiel, has confidentially filed a draft version of the paperwork for a public listing of its stock, the company announced in a press release on Monday.
- Palantir, the secretive $20 billion big-data company, has filed a draft of its paperwork for a public listing, it announced in a press release Monday.
- Rumors resurfaced last month that the company, launched in 2003 by PayPal alumni including Peter Thiel, was preparing to file its S-1 with the Securities and Exchange Commission.
- Palantir has struggled to live up to its valuation in recent years, as shares of the company flooded the secondary markets at a major discount.
- Activists have long criticized Palantir for its controversial work with Immigration and Customs Enforcement.
The company did not specify whether it planned to raise money through a traditional initial public offering or to simply offer publicly tradable shares through the alternative "direct listing" process recently used by Slack and Spotify. Regardless, the move sets Palantir up for what could be the highest-profile market debut of the year, after the coronavirus pandemic effectively froze the market for some of the most anticipated IPOs.
With its prospectus, or S-1 registration statement, now filed with regulators, Palantir could be on track to list shares in September, as Business Insider and others have previously reported.
Palantir's two-sentence announcement on Monday did not provide any details about the offering, including the amount it hopes to raise, the valuation it expects to fetch, or the timing, saying only that the company had "confidentially submitted a draft registration statement" with the US Securities and Exchange Commission and that the listing was expected to take place after the SEC review process, "subject to market and other conditions."...MOREAnd:
July 8
The life and career of Alex Karp, the billionaire CEO who's taking Palantir public in what could be one of the biggest tech IPOs of the year
The last private round, also on July 6:
"SEC filing indicates big data provider Palantir is raising $961M, $550M of it already secured"
Previously on SPOOKY:
October 2018
"Man Terrified of Palantir, More Terrified to Explain What Palantir Is"
May 2016
Inside Palantir, Silicon Valley’s Most Secretive Company
"How A 'Deviant' Philosopher Built Palantir, A CIA-Funded Data-Mining Juggernaut"
Venture Capital: "Morgan Stanley Marks Down Its Stake In Palantir, Dropbox"
And many, many more.
Sept. 2018
"Morgan Stanley's long romance of Palantir pays off as IPO nears" (also Thiel on dope)
Now pricing at 55 times sales, that's terrifying.
April 2018
"Palantir’s New Patents Shed Rare Light On Its Data Methods"
Sept. 2017
"Forget Wall Street – Silicon Valley is the new political power in Washington"
August 2017
Palantir: the ‘special ops’ tech giant that wields as much real-world power as Google
Sept 2016
A Deep Dive Into Spooky City: Peter Thiel and Palantir
Sept. 2016
Palantir Is Demanding The U.S. Army Give It Some Business
Aug 2016
Unicorns: How Palantir Invaded Washington And Played The Lobbying/Influence Procurement Game Better Than The Incumbants
July 2016
"Pokémon Go Is a Government Surveillance Psyop Conspiracy"
May 2016
Inside Palantir, Silicon Valley’s Most Secretive Company
February 2016
Venture Capital: "Morgan Stanley Marks Down Its Stake In Palantir, Dropbox"
August 2015
Peter Thiel’s Pursuit Of Technological Progress; It’s Not About Democracy and It’s Definitely Not About Capitalism – Part 1
June 2013
Venture Capital: "Tech Companies And Their Love Affair With NSA and CIA" (GOOG)