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Palantir Reports Losses, Adds Lockup Period Ahead of Listing

  • Company had $488 million in revenue in first half of 2020
  • Lockup provision makes direct listing more like typical IPO
Palantir Technologies Headquarters As BP Is Reported Shareholder
Photographer: David Paul Morris/Bloomberg
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As Palantir Technologies Inc. gets closer to the public markets, more details about its direct listing are beginning to take shape.

Shareholders will be subject to a lockup period with its direct listing, according to people familiar with the matter. This modification would make it more like a traditional initial public offering.