By C Nivedita, Joshua Franklin and Noor Zainab Hussain
(Reuters) - Palantir Technologies Inc, the U.S. data analytics company known for its secretive work with the Central Intelligence Agency and other government groups, on Wednesday sought to woo Wall Street investors ahead of a public listing later this month.
Palantir, co-founded in 2003 by billionaire Peter Thiel, is among 2020's most eagerly anticipated public listings, with much conjecture about how much the company is actually worth and whether investors will view it as a lucrative software provider or a less-glamorous consulting business.
In a two-hour presentation to prospective investors, Palantir sought to underscore it revenue growth, diversification away from government contracts and ability to turn a profit, something which has eluded the company for 17 years.
Chief Executive Alex Karp also ...
Read More on Datafloq
No comments:
Post a Comment