Skip to main content

Palantir is preparing to file its S-1 ahead of a potential September IPO

* The secretive data analytics firm Palantir is preparing to file an S-1 ahead of a potential September IPO, Business Insider has learned. * The company is working with banks to prepare a tender offer to clean up its cap table, according to Bloomberg.  * Earlier this week, Palantir lowered the strike price for employees to buy their options in the company, sources told Business Insider.  * Palantir declined to comment.  * Visit Business Insider's homepage for more stories. Secretive data analytics firm Palantir is preparing to file an S-1 with plans to go public in September, according to a person familiar with the company, who spoke on the condition of anonymity because they were not authorized to speak on the matter. The timing could shift pending market conditions.  The IPO prep, first reported by Bloomberg, has been long anticipated at the 17-year-old company whose earliest backers include Peter Thiel's Founders Fund and In-Q-Tel, the investment arm of the US intelligence and defense communities.  A spokeswoman for Palantir declined to comment. It's unclear which banks are working on the S-1. The company is still debating whether to have a normal public offering or to go public through a direct listing, according to Reuters. Palantir is also working with bankers on a tender offer for private shareholders which would clean up its cap table, according to Bloomberg. Palantir's turn to the public market comes five years after its last funding round, which valued the company at $20 billion. The company, which sells customized data analytics tools to corporations and the government, has struggled to live up to that valuation in recent years, as shares of the company flooded the secondary markets at a major discount. Earlier this week, Palantir adjusted its strike price for employees down from $6.03 to $4.72 per share to lower the cost for employees to buy the options that are part of their compensation, Business Insider reported. Earlier this year, secondary shares of the company regularly sold at a valuation between $8 billion and $12 billion, two investors told Business Insider in February. Around the same time, the secondary-share marketplace EquityZen offered Palantir shares for just $4.85, for an implied valuation of $8.9 billion, according to an offering viewed by Business Insider. SEE ALSO: Palantir lowers strike price for employees to buy equity in the company as discounted shares flood the secondary markets Join the conversation about this story » NOW WATCH: What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequence
https://bit.ly/2B3cp2e

Popular posts from this blog

Bill Gates says the world would need as many as 14 billion doses of a coronavirus vaccine to stop the virus

* The world could need as many as 14 billion doses of COVID-19 vaccines, Bill Gates said on Thursday in a blog post about the race to develop a way to make people immune to the disease. * "We need to make billions of doses, we need to get them out to every part of the world, and we need all of this to happen as quickly as possible," Gates said. * Gates said he had his eyes on eight to 10 promising candidates, adding that healthcare workers and people in low-income countries should be first in line once we find one that works. * While potential vaccines are progressing with historic speed, they're still months, or even years away, and the biggest challenge lies ahead in proving whether they are safe and effective in humans. * Visit Business Insider's homepage for more stories. Bill Gates believes we may eventually need to produce as many as 14 billion doses of COVID-19 vaccines globally and that we're anywhere from nine months to two years away from making tha...
Read more

The 11 most important details we already know about the PlayStation 5, Sony's next-generation video game console set to arrive this year

* The PlayStation 5, Sony's next-generation game console that's deep in production, is scheduled to launch during the 2020 holiday season. * As you might expect, the PlayStation 5 is promised to be more powerful than the existing PlayStation 4 — and we've slowly been learning more about the next-gen console's new features since it was first revealed. * So far, Sony has offered a first glimpse at the new console via its new DualSense gamepad, and a tech demo highlighted the technical prowess of the new machine. * Here's everything we know so far about Sony's next-generation PlayStation console. * Visit Business Insider's homepage for more stories. The PlayStation 5 is almost here. Sony's next-generation PlayStation game console is scheduled to arrive this holiday season, but we already know plenty of details about it right now: how powerful it is, its main features, and we've even gotten a good look at its new gamepad.  Here everything we kno...
Read more

Tokyo installed see-through public toilets in a park to let people inspect their cleanliness before using them, at which point the glass turns opaque

* Two see-through bathrooms have been installed in public parks in Tokyo. * They are made from "smart glass" designed so people can see how clean they are inside before using them. The glass turns opaque when the bathroom is locked and in use. * The stalls are part of a project that is redoing 17 of the city's public bathrooms with different designers to make them more accessible and appealing. * The goal is to fight assumptions that public toilets are "are dark, dirty, smelly, and scary," said the nonprofit foundation behind the project. * Visit Business Insider's homepage for more stories. Tokyo has installed two see-through bathroom facilities in public parks, allowing people to see how clean they are before deciding to use them, at which point they turn opaque. The bathrooms are made of colored "smart glass," which turns opaque when the stalls are locked, said Shigeru Ban, the architect behind the designs. You can see how it works her...
Read more