Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Palantir – Profitability and Operating Leverage Are Staggering If You Know How to Look at Them

Palantir – The Anti-WeWork and Updates From Its Presentation

Palantir - The Most Anticipated IPO in 2020

Palantir Direct Public Listing - A Shadow of WeWork in 2020?

Palantir – Quantamentals Suggest Profitability Could Surge with Revenue Growth

Equity Capital Markets

Palantir Technologies  / Equity Capital Markets

Palantir is expected to complete its Direct Public Listing (DPL) on 23 September. Although the valuation pricing levels of Palantir's DPL are yet to be announced, it appears that they will be lower than the implied valuation of $20 billion that the company received in the private round funding in 2015. The company's updated prospectus, which includes the latest shares outstanding and average shares price, sets the company's <a href="https://markets.businessinsider.com/news/stocks/palantir-direct-listing-ipo-valuation-sec-filing-stock-price-shares-2020-9-1029578874" target="_blank" rel="noopener">valuation</a> at about $10.5 billion.
With the company's financials now publicly available, there is a strong probability that the DPL will NOT price the company at close to $20 billion. This is a distinctly different case than Snowflake where its IPO valuation is much higher than the private market valuation Snowflake received in early 2020. Overall, there could be more interested investors in Palantir if the DPL valuation is set close to about $15 billion, in our view.
In this insight, we provide the key highlights of the <a href="https://vimeo.com/palantir" target="_blank" rel="noopener">Palantir Investor Day</a> presentation which was held on 9 September. (Source: <a href="https://vimeo.com/palantir" target="_blank" rel="noopener">https://vimeo.com/palantir</a>) It is always good to hear directly from the key members of the senior management team. We provide 13 key highlights from the presentation.

Palantir is expected to complete its Direct Public Listing (DPL) on 23 September. Although the valuation pricing levels of Palantir's DPL are yet to be announced, it appears that they will be lower than the implied valuation of $20 billion that the company received in the private round funding in 2015. The company's updated prospectus, which includes the latest shares outstanding and average shares price, sets the company's valuation at about $10.5 billion.
With the company's financials now publicly available, there is a strong probability that the DPL will NOT price the company at close to $20 billion. This is a distinctly different case than Snowflake where its IPO valuation is much higher than the private market valuation Snowflake received in early 2020. Overall, there could be more interested investors in Palantir if the DPL valuation is set close to about $15 billion, in our view.
In this insight, we provide the key highlights of the Palantir Investor Day presentation which was held on 9 September. (Source: https://vimeo.com/palantir) It is always good to hear directly from the key members of the senior management team. We provide 13 key highlights from the presentation. 

Major Highlights of the Palantir Investors Day Presentation