The data-mining firm has already secured about US$550 million of the funding from 58 investors, according to a Wednesday filing with the U.S. Securities and Exchange Commission. RBC Capital Markets, Disruptive Securities and Old City Securities are handling the equity sale. (The Logic)
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The data-mining firm has already secured about US$550 million of the funding from 58 investors, according to a Wednesday filing with the U.S. Securities and Exchange Commission. RBC Capital Markets, Disruptive Securities and Old City Securities are handling the equity sale. (The Logic)
Talking point: Palantir reportedly plans to become a public company as early as September, following years of IPO rumours. In June, Japanese insurance firm Sompo said it was investing US$500 million in the Palo Alto, Calif.-based firm, which may be part of the committed funds it reported in Tuesday’s filing. Palantir reportedly expects to break even in 2020, for the first time ever; other money-losing unicorns like Uber raised new financing rounds shortly before hitting the public markets.
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