Palantir's Hotly Anticipated IPO Set to Slide to 2020

Palantir is among the world’s most richly valued and most powerful tech startups, after spending 15 years on the private markets and amassing more than $2 billion in funding. It’s also one of the most hotly anticipated IPOs of this year. But while the data-mining company has told some investors it could go public in the second half of 2019, that now appears unlikely, according to people familiar with the company, who say that next year is a more realistic date.

Among the issues holding it back: Palantir still only has one independent board member, has yet to build out its nascent sales team, and will need to find enough seasoned finance employees to handle a public debut.