According to people familiar with the matter, Palantir, a silicon valley big data analysis start-up, is planning to enter the public market through direct listing at the end of September, but the plan has not yet been determined and is likely to change.
Unlike initial public offerings (IPOs), companies that choose to list directly do not issue new shares. They simply register their existing shares and then they can freely trade in the capital market.
Palantir is one of the most valuable start-ups in Silicon Valley. Founded in 2003 by Peter Thiel, the godfather of Silicon Valley venture capital, Palantir is famous for developing highly confidential but high budget data analysis projects. In April, the company said it expected to break even this year with revenue exceeding $1 billion.