This elusive data-mining company backed by Peter Thiel is the latest tech giant to consider an IPO for late 2019, according to the Wall Street Journal.
Palantir is currently in talks with investment banks Credit Suisse and Morgan Stanley, the Journal reported Thursday. Palantir’s last funding round in 2015 left it with a reported $20 billion valuation, but the IPO could value the company at up to $41 billion, the Journal said. The secretive company is known for providing data tools to companies and governments, and its technology may have been used to help the U.S. government track down Osama Bin Laden, according to Bloomberg.
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