With Peter Thiel behind the Big Data firm known as Palantir, the company might be looking at a successful IPO once it goes public.
Peter Thiel was one of the first bigger outside investors behind Facebook (FB), and have also co-founded PayPal (PYPL), and with Palantir as one of his strongest ventures as the Big Data market is expanding and gaining more on its value, Palantir IPO might be one of the biggest in 2019 alongside Uber.
In the meanwhile, the company announced cutting share prices for employees’ stock options, which means that employees will be able to purchase Palantir shares at 6$ per share as announced back at the end of January 2019, while investors will be dealing with different share prices that are still being kept private.
What to Expect from the Upcoming Palantir IPO in 2019?
Palantir has been working with Big Data since 2003 and since then had earned a status of one of the top companies in the sector.
Based on the evaluations on the share price for employee options where one share is set at 6$, the total value of the company would be 11 billion investors, while the CEO of the company claims that the value of Palantir goes to 20 billion dollars based on revenues, profit and year to year reports.
On the other hand, according to Morgan Stanley the company could be valued at 41 billion dollars, while venture capitalists are considering estimates anywhere from 4.4 billion dollars to 14 billion.
In the meanwhile, the exact date of issuing the IPO is not yet revealed, but according to the latest reports by the company’s representatives, Palantir could go public with an IPO in the second half of 2019, however under lower estimates in oppose to 41 billion dollars.
