Palantir Technologies re-opened its offering to place an additional $200 million

Change: offered +29% / raised +29% / placed 100%
XDATA – December 23rd 2015
Palantir Technologies re-opened and closed its unregistered equity offering after increasing the placement’s size from $679.83 million to $879.83 million. The offer closed after the company raised $200 million from one additional investor within two weeks. At closing, a total of eight investors had subscribed to Palantir Technologies‘ offering. The private placement’s expected net proceeds amounts to $847.83 million which excludes $32 million paid in brokerage fees. The company closed fifteen unregistered private placements which raised an estimated $1.15 billion.
Palantir Technologies markets and develops 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. Financial backers include Founders Fund, InQTel, ULU Ventures, Glynn Capital Management and Reed Elsevier Ventures.
The company is headquartered in Palo Alto CA. Palantir Technologies elected to keep its revenues undisclosed.
The executive team includes Alexander Karp, Colin Anderson and Stephen Cohen.
The board of directors includes Adam Ross and Peter Thiel.

The company has raised an estimated total of $2.03 billion via private unregistered security offerings.

Offering recap
Status: Completed
Company: Palantir Technologies
Industry: Other Technology
Amount offered: $879.83 million
Amount placed: $879.83 million
SEC filing: Source
First sale: 07-08-2015
Data as of: 12-23-2015

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