Deals
Palantir Mulls IPO and Expects to Be Profitable Next Year
The Silicon Valley data startup, valued by investors at $20 billion, said its government business is already profitable.
Alex Karp, co-founder and chief executive officer of Palantir.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Palantir Technologies Inc., the 12-year-old data analytics startup co-founded by Peter Thiel, may one day finally, and perhaps reluctantly, hold an initial public offering.
Alex Karp, the chief executive officer, said Palantir is weighing an IPO while also considering selling a stake of the company to a private equity firm or even buying employees' shares with anticipated future profit. "We are positioned so we could go public," Karp said on stage at the Wall Street Journal's technology conference in Laguna Beach, California.