Palantir eyes 2019 IPO: report

Palantir eyes 2019 IPO: report
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The data-mining firm Palantir is reportedly mulling a potential initial public offering (IPO) as early as 2019.

The Peter Thiel-founded firm, which has accrued an ample stable of government contracts including the military and U.S. Immigration and Customs Enforcement (ICE), has been discussing its plans with Credit Suisse and Morgan Stanley, sources told The Wall Street Journal.

Palantir could reportedly debut publicly at much as $41 billion, more than double what it was recently valued by private investors.

The company’s affiliation with Thiel, as well as its controversial contracts with agencies such as ICE has poisoned the company’s brand in some circles as tech workers revolt against aiding those groups' missions. But the reported IPO estimated value could mean that investors have little concern with the increased criticism.

Palantir’s potentially going public is a part of a new wave of impending, hotly anticipated tech IPOs. Uber CEO Dara Khosrowshahi has said that he would like the company to go public, and Lyft and Airbnb have reportedly been eyeing their IPOs as well.