IPO Report: Palantir forecasts revenue out to 2021 even before going public

/ / News

Palantir Technologies Inc. PLTR said late Tuesday it expects revenue growth of up to nearly 50% even before the data-software company goes public. The company said it expects third-quarter revenue of $278 million to $280 million, or 46% to 47% growth from the year-ago quarter. For the year, Palantir forecast revenue of $1.05 billion to $1.06 billion, or year-over-year growth of 41% to 43%, and more than 30% growth in 2021. Palantir filed for a direct listing earlier in the month where existing shareholders would resell up to 244 million shares.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.