Palantir IPO could be worth $41 billion

The data mining giant plans to go public next year, says a report. The company is known for analytics and intelligence that's tapped by governments, businesses and organizations worldwide.

Marrian Zhou Staff Reporter

Marrian Zhou is a Beijing-born Californian living in New York City. She joined CNET as a staff reporter upon graduation from Columbia Journalism School. When Marrian is not reporting, she is probably binge watching, playing saxophone or eating hot pot.

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Marrian Zhou

Oct. 18, 2018 10:35 a.m. PT

Palantir CEO Alex Karp
Ludovic Marin/Getty Images

Palantir may become a public company with a huge valuation.

The secretive Silicon Valley data mining company is talking to banks and plans to go public next year, according to The Wall Street Journal. Some bankers reportedly told Palantir it could launch with an initial public offering of as much as $41 billion.

Though it's not confirmed whether Palantir will go public, the discussion came as several tech giants move toward IPOs. The Journal reported Tuesday that Uber's IPO may be worth as much as $120 billion and that the company may go public early next year.

Palantir, currently headed by Alex Karp, was founded by well-known investors like Peter Thiel and specializes in big data analytics and intelligence. It's employed by the US government, businesses and organization around the world.

Palantir didn't immediately respond to a request for comment.