5 Things to Know About Palantir's Upcoming IPO
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
