Palantir to file for a direct listing on public markets this year

On Tuesday, Palantir Technologies announced that it would file for a direct listing on public markets. The data analytics company said that it aims to trade on the New York Stock Exchange (NYSE) under the symbol PLTR.

Palantir Technologies had been working with the Central Intelligence Agency (CIA) and other government agencies to prepare for the most significant market debut of 2020.

The software company posted its revenue worth $481 Million for the first six months of 2020. Reuters reported two months ago that Palantir Technologies was expecting a $1 billion profit by the end of the year.

“We generally do not enter into business with customers or governments whose positions or actions we consider inconsistent with our mission to support Western liberal democracy and its strategic allies,” Palantir stated.

“Our company was founded in Silicon Valley. But we seem to share fewer and fewer of the technology sector’s values and commitments,” it added.