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Palantir Weighs IPO Valued at as Much as $41 Billion, WSJ Says

  • Discussing plans with Credit Suisse and Morgan Stanley
  • Could go public in second half of 2019 at lower valuation
Peter Thiel
Peter ThielPhotographer: Andrew Harrer/Bloomberg

Palantir Technologies Inc., the secretive data mining company, is considering an initial public offering that could value it at as much as $41 billion, the Wall Street Journal reported, citing people familiar with the matter.

The firm co-founded by investor Peter Thiel is discussing plans with Credit Suisse Group AG and Morgan Stanley to go public as soon as the second half of next year, the paper said. After Palantir shared some of its financials, Morgan Stanley estimated a public offering in 2020 in the range of $36 billion to $41 billion, the paper said. That range would be lower if the IPO proceeded earlier, the Journal reported, citing the people familiar with the matter.