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