- Palantir, the secretive $20 billion big data company, has quietly a filed a draft of its IPO paperwork, 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 SEC.
- 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.
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Palantir, the secretive and controversial big data company cofounded by Peter Thiel, has confidentially filed a draft version of the paperwork for an initial public offering, the company announced in a press release on Monday.
The move sets Palantir up what could be the highest-profile market debuts of the year, after the coronavirus pandemic effectively froze the market for some of the most anticipated IPOs.
See the rest of the story at Business Insider
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