PALAN
Palantir files for direct listing; lost $580M last year on $743M of revenue
- Data analytics company Palantir (PALAN) has filed to go public,
confirming prior reports the company would pursue a direct listing with a
lock-up period for certain holders, an unusual structure.
- Reuters reports the company is hoping for a valuation of about $26B.
- Palantir says the lock-up period applies to execs, directors, and
certain holders but hasn't yet disclosed the amount of shares.
- The company wants to list Class A shares on the NYSE under the ticker
"PLTR."
- There are Class A (one vote) and Class B (10 votes) shares with plans
for a Class F (variable votes) after receiving shareholder approval.
- 2019 revenue totaled $742.6M, up 25% Y/Y, with a $579.6M net loss
($577M loss pro forma).
- In H1, revenue increased 49% to $481.2M with a $164.7M loss or $175M
loss pro forma. For the full year, the Palantir hopes to top $1B of
revenue.
- As of June 30, the accumulated deficit balance was $4B and Palantir
had $1.5B in cash and equivalents, exclusive of $139.4M in restricted
cash.
- S-1 filing.
|Today, 5:41 PM|61 Comments
Palantir files for direct listing; lost $580M last year on $743M of revenue
- Data analytics company Palantir (PALAN) has filed to go public,
confirming prior reports the company would pursue a direct listing with a
lock-up period for certain holders, an unusual structure.
- Reuters reports the company is hoping for a valuation of about $26B.
- Palantir says the lock-up period applies to execs, directors, and
certain holders but hasn't yet disclosed the amount of shares.
- The company wants to list Class A shares on the NYSE under the ticker
"PLTR."
- There are Class A (one vote) and Class B (10 votes) shares with plans
for a Class F (variable votes) after receiving shareholder approval.
- 2019 revenue totaled $742.6M, up 25% Y/Y, with a $579.6M net loss
($577M loss pro forma).
- In H1, revenue increased 49% to $481.2M with a $164.7M loss or $175M
loss pro forma. For the full year, the Palantir hopes to top $1B of
revenue.
- As of June 30, the accumulated deficit balance was $4B and Palantir
had $1.5B in cash and equivalents, exclusive of $139.4M in restricted
cash.
- S-1 filing.
|Today, 5:41 PM|61 Comments
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