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Report: Palantir Technologies considering IPO in H2'19

Palantir Technologies Inc. is in talks with investment banks Credit Suisse Group AG and Morgan Stanley about filing an initial public offering as soon as the second half of 2019, The Wall Street Journal reported Oct. 18, citing sources with knowledge of the matter.

The company could seek a valuation of up to $41 billion with the IPO, or twice of what it was most recently valued by private investors, some bankers reportedly told the data-mining giant, according to sources.

The sources, however, cautioned that the plans could change and that Palantir could decide against an IPO or offer shares at a lower price.

Palantir Technologies develops and builds data fusion platforms for public institutions, commercial enterprises and nonprofit organizations worldwide.