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(AP News)   Data-mining firm Palantir files for stealth IPO knowing already who's buying and for how much   (apnews.com) divider line
    More: Obvious, Central Intelligence Agency, Federal Bureau of Investigation, Silicon Valley, technology company, Law enforcement agency, Police, Initial public offering, Venture capital  
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417 clicks; posted to Business » on 07 Jul 2020 at 8:33 PM (15 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



15 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2020-07-07 7:46:57 PM  
Seems like this is a peek into the machinations of a malevolent eye on top of a fortress, in a very dark place.....
 
2020-07-07 8:11:21 PM  
The company delved too greedily and too deep
 
2020-07-07 8:55:42 PM  
How is it Publicly traded if it's stealthily opening to the public? I guess they want the liquidity event, but not the financial scrutiny that publicly traded companies are held to. fark them.
 
2020-07-07 9:16:17 PM  

dericwater: How is it Publicly traded if it's stealthily opening to the public? I guess they want the liquidity event, but not the financial scrutiny that publicly traded companies are held to. fark them.


Did you also read the article to find that out?
 
2020-07-07 9:17:08 PM  
We should be getting that money it's our history! He should be way less rich I say tax then hard
 
2020-07-07 10:01:11 PM  

Intrepid00: dericwater: How is it Publicly traded if it's stealthily opening to the public? I guess they want the liquidity event, but not the financial scrutiny that publicly traded companies are held to. fark them.

Did you also read the article to find that out?


Read the article? Surely you jest.
 
2020-07-07 10:23:08 PM  
In other words, Thiel is cashing out ahead of what he is sure is Trump's certain defeat and investigations and lawsuits that will ruin Palantir.

He's the sort of person whose cash will always be welcome somewhere.

If you were Thiel, where would you have your bug-out?
 
2020-07-07 10:24:10 PM  

dericwater: Intrepid00: dericwater: How is it Publicly traded if it's stealthily opening to the public? I guess they want the liquidity event, but not the financial scrutiny that publicly traded companies are held to. fark them.

Did you also read the article to find that out?

Read the article? Surely you jest.


tl;dr: "stealth IPO" doesn't mean what you think it means
 
2020-07-07 10:32:44 PM  

MikeyFuccon: If you were Thiel, where would you have your bug-out?


At my estate in NZ which I was able to buy thanks to my NZ citizenship which I was able to buy despite not meeting the normal requirements.
 
2020-07-07 10:40:58 PM  

Monkeyfark Ridiculous: dericwater: Intrepid00: dericwater: How is it Publicly traded if it's stealthily opening to the public? I guess they want the liquidity event, but not the financial scrutiny that publicly traded companies are held to. fark them.

Did you also read the article to find that out?

Read the article? Surely you jest.

tl;dr: "stealth IPO" doesn't mean what you think it means


In a way, it does, right? In stealth mode, they allow for the IPO process to be done without full on public notification and scrutiny. So long as the investment bankers and others are friends of the IPO company, they'll vet that company is all good. The bankers will sell it as good, they take their usual 10% discount for the sale, and after it goes public and increases share price by another 30%, they sell and bank the net. Their hands are clean.
 
2020-07-07 11:04:24 PM  

dericwater: Monkeyfark Ridiculous: dericwater: Intrepid00: dericwater: How is it Publicly traded if it's stealthily opening to the public? I guess they want the liquidity event, but not the financial scrutiny that publicly traded companies are held to. fark them.

Did you also read the article to find that out?

Read the article? Surely you jest.

tl;dr: "stealth IPO" doesn't mean what you think it means

In a way, it does, right? In stealth mode, they allow for the IPO process to be done without full on public notification and scrutiny. So long as the investment bankers and others are friends of the IPO company, they'll vet that company is all good. The bankers will sell it as good, they take their usual 10% discount for the sale, and after it goes public and increases share price by another 30%, they sell and bank the net. Their hands are clean.


The IPO still gets vetted by the SEC. The usual info still gets disclosed to potential investors. The thing that makes it "stealth" is that the initial SEC review of the filing is done confidentially which reduces the chance of sensitive information being made public (provided to the competition) in the event that the filing needs changes or doesn't move forward for whatever reason.
 
2020-07-07 11:31:41 PM  

dericwater: Monkeyfark Ridiculous: dericwater: Intrepid00: dericwater: How is it Publicly traded if it's stealthily opening to the public? I guess they want the liquidity event, but not the financial scrutiny that publicly traded companies are held to. fark them.

Did you also read the article to find that out?

Read the article? Surely you jest.

tl;dr: "stealth IPO" doesn't mean what you think it means

In a way, it does, right? In stealth mode, they allow for the IPO process to be done without full on public notification and scrutiny. So long as the investment bankers and others are friends of the IPO company, they'll vet that company is all good. The bankers will sell it as good, they take their usual 10% discount for the sale, and after it goes public and increases share price by another 30%, they sell and bank the net. Their hands are clean.


Sounds like a legal pump-and-dump.
 
2020-07-08 12:29:50 AM  
Tuck this story into your "Idea File".  It will be coming back for years.  Tom Clancy's too much of sycophant to write about it but another, talented mystery/spy writer will milk it for three or four novels.
 
2020-07-08 12:57:49 AM  
Fark user imageView Full Size
 
2020-07-08 7:47:33 AM  
He sure does make a lot of money selling garbage to morons.
That stuff is useless but sounds cool. Aggregating data isn't intelligence, it's overload. And the entities buying it have a very dubious value proposition. What exactly are they providing that is worthwhile?
 
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