COVID-19 caused many promising companies to delay going public. Now that the global and U.S. economies are slowly emerging from the crisis the IPO market is heating up again. Many companies that wanted to go public last spring are going public this fall. That’s why we are seeing a flurry of excellent IPOs in the last few weeks.
On that note here is the latest IPO that I want all of my clients to know about. I have already discussed this IPO with a number of my clients – but if anyone is interested please let me know.
Palantir (NASDAQ: PLTR) is one of the largest privately owned tech companies that specializes in data collection and analysis. Palantir was founded back in 2003 by Peter Thiel, the billionaire entrepreneur who co-founded PayPal (NASDAQ: PYPL) with Elon Musk and was the first investor in Facebook (NASDAQ: FB). That’s an impressive resume to say the least.
Palantir is Thiel’s latest smashing success. The company is one of the most valuable privately owned companies recently valued around $20 billion.
Palantir’s biggest client is the federal government – more specifically the Department of Defense, the CIA, the United States Intelligence Community, the Navy and the Space Force. These agencies use Palantir to suck up massive amounts of data from all around the world and then analyze the data to improve intelligence gathering counter terrorism efforts.
Palantir’s work with the federal government and data collection have made the company controversial in some circles. Palantir also has a reputation for being very secretive.
Despite some limited skepticism, Palantir has a bright future. The company is already a clear industry leader and I expect to see consistent growth in sales and earnings in years to come.
Investors who are interested in Palantir can now own a piece of this company. Palantir began trading on the NASDAQ yesterday.
Shares have been a bit weak so far – but it’s very early in the game and if anything weakness is an opportunity for a better entry point.
Here are a few more articles about Palantir.
The Palantir non-IPO: 5 things to know about the (formerly) secretive software company’s direct listing
The Big Picture
Palantir was one of the largest privately owned companies in the world and now shares are trading on the NASDAQ which means investors can own a piece of the company.
Shares were a bit weak yesterday but if anything that looks like an opportunity to get in low.
Disclaimer: This report is for entertainment purposes only. Every investor should consult with an investment advisor before making investment decisions. The Vodicka Group, Inc. is not a broker/dealer. We do not receive compensation for mentioning stocks. At various times, the clients, publishers and employees of Vodicka Group, Inc., may buy or sell the securities discussed for purposes of investment or trading.
Author Michael Vodicka owns shares of Palantir (PLTR).