Big Tech Data Analytics Unicorn Palantir Preparing Its IPO

Palantir Technologies is preparing to file a confidential S-1 with the Securities and Exchange Commission (SEC) in the coming weeks and could go public before year's end. The data mining company was founded nearly 17 years ago by Peter Thiel and other PayPal (NASDAQ: PYPL) alumni, including Nathan Gettings and Joe Lonsdale.

Company executives have yet to determine what path to take to the public markets, debating between a traditional IPO or a direct public offering. The latter offers companies that don't need to raise capital the option to bypass the typical "road show" presentations to investment bankers and list directly on an exchange, a more cost-effective and direct path to the public markets.

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Source Fool.com