Peter Thiel’s Palantir set to delay IPO under bumbling leadership of CEO Alex Karp

Peter Thiel’s Palantir set to delay IPO under bumbling leadership of CEO Alex Karp
фото показано с : thenextweb.com

2019-9-19 01:50

Bloomberg today reported that Palantir Technologies, a Peter Thiel-founded company that builds mass-surveillance solutions for law enforcement agencies, will delay its highly-anticipated IPO indefinitely.

According to the report, CEO Alex Karp needs more time to woo foreign investors. Thiel‘s also reportedly sent a memo to employees indicating they shouldn’t expect the company to IPO within “the next three years. ” That doesn’t necessarily mean it will IPO then, just that whatever business plan the company’s executives are working off now has changed from what appeared to be a sure bet for at least a $20 billion initial offering to…  holding off for now. …

This story continues at The Next Web

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Источник: thenextweb.com

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