Palantir Technologies is officially eyeing an IPO after filing a confidential draft registration statement with the U.S. Securities and Exchange Commission (SEC).

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Here’s what potential investors need to know about the Palantir IPO.

• The company’s conditional filing is for Class A shares of its common stock.
• The filing doesn’t reveal any major details about the IPO.
• That means there’s no solid info on when it will launch or what the starting price will be.
• Investors also don’t know which market it will trade on or what ticker it will use.
• However, the company says it plans for the IPO to take place sometime after getting approval from the SEC.
• This filing confirms reports in mid-June that the data company was planning to privately file IPO documents with the SEC.
• Those reports claimed that the company is looking to go public during the fall.

• They also don’t place a value on the IPO, but it’s worth noting that Palantir was valued at $20 billion in 2015 by private investors.
• This filing also adds to recent statements made by Palantir CEO Alex Karp about plans for an IPO.
• The biggest reason that Palantir has been holding off on an IPO could have to do with its capital structure.
• The previous reports said it was looking to restructure this before the launch of an IPO.
• With all of the information about the Palantir IPO being confidential, interested investors will have to wait a little longer for the finer details.

As of this writing, William White did not hold a position in any of the aforementioned securities.