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5 Things to Know About Palantir's Upcoming IPO

TheMotleyFool

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5 Things to Know About Palantir's Upcoming IPOPhoto, wide shot, wide-angle lens, Coal mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/25526de2-54da-40ae-ba56-1e25dead3e81.png

Palantir Technologies, the data-mining firm that serves the U.S. government and large enterprise clients, plans to go public in late September. The 17-year-old company was valued at $20 billion after its last funding round, and it will sell some of its existing shares via a direct listing in which no new funds are raised and no new shares are issued.

Let's discuss five things investors should know about this upcoming offering.

Palantir was co-founded by Peter Thiel, the Silicon Valley billionaire who previously co-founded PayPal, along with Thiel's Stanford classmate Alex Karp and three other investors. Thiel is currently the company's chairman and Karp is its CEO.

Source Fool.com

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