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Palantir Assumed To Be Valued At Nearly $22 Billion During The IPO

Palantir Assumed To Be Valued At Nearly $22 Billion During The IPO

According to the WSJ, Palantir, which makes SOFTWARE used by the US intelligence services and their allies, may be valued at $22 billion during the upcoming IPO. The publication refers to the preliminary results of negotiations between investors and bankers involved in the placement of shares. It's worth noting that trading in shares scheduled for September 29-30 may start at $10 apiece, which will eventually give the company such a high overall rating. At the same time, as the WSJ emphasizes, back in August, at closed private auctions, Palantir shares were valued lower — around $7.3 apiece.

Palantir announced its intention to place shares on the stock exchange at the end of August. The upcoming IPO aroused public interest in this company, previously known only in a narrow circle of special SOFTWARE manufacturers, government officials, and intelligence officers. Palantir's first major Investor was IN-Q-Tel, a company associated with the US Intelligence and Defense Department. Now it is used by the CIA, the FBI, the Pentagon, the immigration service, and many other organizations whose activities are tied to the surveillance of people. According to media reports, it WAS Palantir that helped in the capture of Osama bin Laden.

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