Deals
Palantir to Seek Funding on Private Market, Delay IPO
- Peter Thiel’s data company in talks with non-U.S. investors
- IPO could be postposend until 2022 or 2023, sources say
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Palantir Technologies Inc. is in talks to raise significant funding from private investors, a move that could indefinitely delay one of Silicon Valley’s most hotly anticipated initial public offerings, according to people familiar with the company.
The secretive data mining company approached Singapore’s Temasek Holdings Pte, SoftBank Group Corp. and other investors outside the U.S., according to people with knowledge of the situation, all of whom asked not to be identified discussing private information. Talks are ongoing and no deal has been reached.