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(Marketwatch)   Palantir plans its IPO having seen a future with less government work   (marketwatch.com) divider line
    More: Obvious, Google, Palantir Technologies Inc., Stock market, data software, government agencies, company's shares, private sector, revenue growth  
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301 clicks; posted to Business » on 26 Aug 2020 at 11:40 AM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



7 Comments     (+0 »)
 
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2020-08-26 10:53:43 AM  
Funny what can happen with some good ol' Uncle Sam investment up front.
 
2020-08-26 12:24:56 PM  
We will see how they fare without Sauron backing them.
 
2020-08-26 1:21:54 PM  
I don't get why the millennial investment crowd is pushing this company's ipo so much.  A company that has been around for 20 years that can't  seem to make money unless its sucking at the govt's teat.  And its efforts to go after private clients has been less than spectacular based on its hemorrhaging of  losses in the past 2 years.  Which supports the argument that the IPO is to get them out of their financial hole.

The only reason people seem to push this is because it's an IPO of a silicon valley company.   BFD.
 
2020-08-26 3:24:11 PM  

SirEattonHogg: I don't get why the millennial investment crowd is pushing this company's ipo so much.  A company that has been around for 20 years that can't  seem to make money unless its sucking at the govt's teat.  And its efforts to go after private clients has been less than spectacular based on its hemorrhaging of  losses in the past 2 years.  Which supports the argument that the IPO is to get them out of their financial hole.

The only reason people seem to push this is because it's an IPO of a silicon valley company.   BFD.


Silicon Valley IPOs have essentially become VC welfare. Companies that were given too much VC money and supported over many years (sometimes decades) basically go IPO to allow the VCs get out of their bad investments. A company like Palantir, who has name recognition, is a good candidate because the IPO (and subsequent listing) can be bought up by big funds where VCs can cash out and losses (after the inevitable decline in the business) can be obscured.
 
2020-08-26 3:45:31 PM  

TotallyHeadless: SirEattonHogg: I don't get why the millennial investment crowd is pushing this company's ipo so much.  A company that has been around for 20 years that can't  seem to make money unless its sucking at the govt's teat.  And its efforts to go after private clients has been less than spectacular based on its hemorrhaging of  losses in the past 2 years.  Which supports the argument that the IPO is to get them out of their financial hole.

The only reason people seem to push this is because it's an IPO of a silicon valley company.   BFD.

Silicon Valley IPOs have essentially become VC welfare. Companies that were given too much VC money and supported over many years (sometimes decades) basically go IPO to allow the VCs get out of their bad investments. A company like Palantir, who has name recognition, is a good candidate because the IPO (and subsequent listing) can be bought up by big funds where VCs can cash out and losses (after the inevitable decline in the business) can be obscured.


Yeah, I'm not holding the bag for Stanford VC douchebros.   Pass.
 
2020-08-26 4:55:10 PM  
For the good of humanity, Peter Thiel should be publicly and brutally assassinated post haste. Come get me for precrime, fascist Faceberg fuxx.
 
2020-08-26 6:27:28 PM  
Isn't this a direct listing, not IPO?
 
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