$50 million worth of equity securities were sold by Palantir Technologies


palentir Palantir Technologies disclosed selling $50 million worth of equity securities as part of financing round. The equity securities, which started to sell on November 26th, were bought by three investors. The offering has no fundraising cap and the company may elect to raise additional funds until the offering closes in November 2015. The private placement’s expected net proceeds amounts to $25 million which excludes $25 million paid in brokerage fees. A total of fourteen unregistered securities offerings closed by the company raised an estimated $1.1 billion.

Morgan Stanley & Co and SF Sentry Securities acted as placement agents.

Palantir Technologies develops and markets big data analytics platforms. The company’s Gotham product allows enterprise to integrate, manage, secure, analyze and visualize all their data. The Metropolis product is designed to integrate, enrich, model, and analyze any kind of quantitative data.

The company is headquartered in Palo Alto CA. Palantir Technologies elected to keep its revenues undisclosed.
The executive team includes Alexander Karp, Colin Anderson, Nathan Gettings and Stephen Cohen.
The board of directors includes Peter Thiel.

The company has raised an estimated total of $1.15 billion via private unregistered security offerings.

Offering recap
Status: First close
Company: Palantir Technologies
Industry: Other Technology
Amount offered: N/A
Amount placed: $50 million
SEC filing: Source
First sale: 11-26-2014
Data as of: 12-11-2014


For more information visit www.XDATA.co

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s