Security News > 2020 > August > Secretive Palantir Lifts Veil Before Wall Street Stock Sale
Palantir Technologies Inc., a data-mining company with deep ties to U.S. intelligence and military agencies, has shed a good deal of its trademark secrecy about its business in filing for a Wall Street stock offering.
The document indicated that Denver-based Palantir will sell stock some time this year but did not specify a date.
Tuesday's filing mentions the company's work helping U.S. soldiers counter an epidemic of roadside bombings and assisting Special Forces in the fight against ISIS. Palantir said it had 125 customers in 150 countries including Airbus, Merck, Credit Suisse and the Danish National Police.
Palantir initially filed for the stock sale confidentially on July 6.
Under the stock listing, the documents say, control of Palantir will be concentrated with the company's founders through the designation of a new category of stock.