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Palantir Files Confidentially To Go Public

Palantir co-founder and chairman Peter Thiel.

Photo credit: Web Summit on Flickr, under Creative Commons license

Palantir, the famed data-mining company, has announced it's submitted a confidential draft statement with the U.S. Securities and Exchanges Commission (SEC) for a public listing, confirming recent rumors of the company looking to head to the public markets this year. Palantir has remained as a private company for seventeen years running and seems ripe for a public listing. The company has raised a few billion dollars in funding since its inception and is targeting even more funding ahead of its planned public listing. Palantir is seeking to raise nearly $1 billion in funding, $550 million of that amount already secured.

Palantir has apparently joined a pool of technology companies that are planning public listings through the second half of this year. That pool includes online used car retailer Shift and lidar maker Velodyne.





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