IDS Associates Limited in Hong Kong Looks at Palantir Technologies Upcoming U.S. IPO

Posted May 8, 2019 by Patrick1Gall

1888PressRelease - Palantir builds software that connects data, technologies, humans and environments.

Palantir Technologies data mining firm is said to have already spoken to Morgan Stanley and Credit Suisse on their IPO in 2019, while the issuance for this company’s public offering is expected to take place in the second half of 2019. The estimated value of the Palantir upcoming IPO is set at tens of billions of dollars, estimates claim that Palantir IPO is valued between 30 and 40 billion dollars.

William Lui CFO at IDS Associates in Hong Kong says, “Chances are good that you may have heard of what is widely expected to be among the most valuable tech IPOs of 2018: Palantir Technologies”. This data-mining company, one of Silicon Valley’s most secretive companies, will go public in 2019, with a valuation as high as $41 billion.

Co-founded in 2004 by Peter Thiel and CEO Alex Karp, Palantir developed a suite of surveillance technologies that have reportedly been used by the military to hunt down Osama bin Laden, to avoid roadside bombs and for police departments to predict crimes before they occur.

“On the consumer side, Palantir is harnessing the power of big data to go through big data sources, financial documents, airline reservations, cellphone records, social media postings and search for connections that human analysts might miss”. Said Lui of IDS Associates.

Although Palantir’s operations remain shrouded in secrecy, in order to go public, Palantir must “issue a prospectus documenting its revenue for potential shareholders, which could shed some light on that eye-popping valuation,” adds Lui.

Lui adds,” It will also be exciting to see what this company has been up to, chances are they have been there to watch over us more then we expected, but it’s good someone is out there to protect us from them.

The data-mining company preps for its long-awaited initial public offering. The 15-year-old startup has taken a cue from other, more traditional tech companies. It has trimmed runaway expenses, products are aimed at large companies and has even begun building a sales team.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By 1888pressrelease
Country United States
Categories Finance
Tags Banking , financial , news
Last Updated May 8, 2019