Palantir Just Filed for a Public Listing Quietly

After considering a public offering for the last ten years, data analytics company Palantir Technologies has confidentially filed for a public listing with regulators.

The company co-founded in 2004 by PayPal founder Peter Thiel, has filed for a public listing with the Securities and Exchange Commission, suggesting it was contemplating a direct-to-exchange IPO.

The Palo Alto-based company announced that it has confidentially submitted a draft registration statement on Form S-1 with the SEC for the proposed public listing of its Class A common stock. The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions.

Palantir sells software to aggregate big data for governments and corporations worldwide. The company’s analytics were credited with helping the U.S. government capture Osama bin Laden.

The company has been valued privately at as much as $20 billion, according to The Wall Street Journal.
It was in June that along with Sompo, Palantir launched “Real Data Platform for Security, Health and Wellbeing.”

Accelerated by Palantir’s work supporting the fight against COVID-19, as well as SOMPO’s internal work using Foundry to transform nursing care, the initial deployment of the platform will be focused on nursing care and healthcare in Japan.

Going forward, SOMPO will promote the “Security, Health and Wellbeing” of its customers and business partners, all of whom will be able to contribute to and benefit from a data asset designed to address social issues at commercial speed.

“The current COVID-19 pandemic has caused significant changes in both the behavior sand values of our society. My confidence in the common vision shared by SOMPO and Palantir of ‘a better world and happiness for people has strengthened further,” said Kengo Sakurada, Group CEO, Director, President and Representative Executive Officer, SOMPO Holdings, Inc.

“Regardless of coming from different countries and backgrounds, with a unified vision and common language of ‘Real Data’, we will strive to create an exciting, values-driven business model that no one else has yet accomplished.”

“Our continued expansion in Japan reflects our commitment to the country,to both its welfare and security,” said Alexander C. Karp, Co-Founder and Chief Executive Officer. “It would be an understatement to say that Sompo has been a vital and trusted partner, one whose credibility in the market and knowledge of the industrial and government sectors has proved essential in our effort to ensure that Japan’s leading institutions have access to the software they need to serve the country.”

“Since the establishment of Palantir Japan in November 2019, we have been working on supporting digital transformation of Japanese companies and society through the best of Silicon Valley technology and our role has become even greater through the global COVID-19 pandemic.” said Koichi Narasaki, Representative Director and CEO, Palantir Technologies Japan K.K.

“Palantir Japan will further pursue the mission of making companies and society better, stronger and more resilient, through new solutions created by three partieswith a common vision.”