palantir valuation 2020
As is evident from the table above, Palantir’s valuation, based on its FY 2020 estimated revenue, is a mere $8.7 billion if the industry revenue multiple of 9.04x is applied. The company, led by CEO Alex Karp, has seen strong demand for its services, with revenue rising almost 50% to $481.2 million in the first six months of 2020 from the comparable period a year earlier. All Rights Reserved. In its third updated public offering prospectus, Palantir finally disclosed a fully diluted share count, providing a total that includes some unvested options and restricted stock. For latest tech news in your inbox, once a day! CNBC first reported on Palantir's valuation disparity. Eliot Brown and Rob Copeland contributed to this article. Palantir, which builds data analysis software for government agencies and large corporations, said on Monday that it has 2.17 billion diluted shares. "I believe the people who've built this company over 17 years deserved access to liquidity," he said. The company is increasingly relying on government contracts to drive its top-line growth. Big-data company Palantir Technologies is expected to carry a $22 billion price-tag when it goes public by the end of September, WSJ reported. Palantir employees use Morgan Stanley's stock-plan business, called Shareworks, which suffered from technical difficulties Wednesday. Ordinarily, offering existing shares through a direct float is cheaper and faster than an IPO, and the company wouldn't need to utilize a number of middlemen to underwrite the listing. In the first half of 2020, Palantir's total revenue jumped 49% to $481.2 million, with just over half its sales coming from government customers. Denver, Colorado-based Palantir is going public at a time of strong investor demand for new stocks, particularly of technology companies that promise rapid growth. Mark Green, a 53-year old retired engineer who worked at Palantir for eight years, said he struggled to sell his shares because of technical glitches. The potential valuation range remains very wide. Some posts on may contain affiliate links. As is evident from the table above, Palantir’s valuation, based on its FY 2020 estimated revenue, is a mere $8.7 billion if the industry revenue multiple of 9.04x is applied. We will work through any issue that is brought to our attention and ensure that no employee will be disadvantaged," a Shareworks by Morgan Stanley spokeswoman said in a statement. At the reference price, Palantir would trade somewhere between 10.5x-15.7x FY 2020 revenue depending on the estimate. In August, the volume-weighted average price was $7.31 and in September, $9.17.


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