Leading data analytics firm Palantir Technologies Inc has confidentially filed paperwork to go public at the U.S. Securities and Exchange Commission (SEC).
This confidential submission relates to a proposed public listing of the Class A common stock, confirmed Palantir in a statement, adding that the listing is actually expected to take place after the complete review process by SEC getting completed.
A string of successful IPOs has been paving the way for Silicon Valley firms, concerning the
economic fallout of this global coronavirus outbreak, to follow suit. Though the company hasn’t yet disclosed the size of its offering in the statement, the entire incident has left the other industry players surprised.
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