By Anirban Sen and Joshua Franklin
(Reuters) - Palantir Technologies on Tuesday filed to go public through a direct listing, as the data analytics company known for working with the Central Intelligence Agency and other government groups prepares for one of the biggest market debuts of the year.
The company, which was founded in 2003 by a group including Donald Trump backer Peter Thiel, unveiled losses that are set to test the appetite of capital market investors who have in recent years shown an increasing wariness of backing loss-making startups, most notably WeWork, which botched its IPO last year.
The move to lift the lid on its business for the first time marked a major moment for Palantir, which is widely seen as one of the most reclusive companies in Silicon Valley.
The ...
Read More on Datafloq
No comments:
Post a Comment