Palantir Reports Losses, Adds Lockup Period Ahead of Listing

As Palantir Technologies Inc. gets closer to the public markets, more details about its direct listing are beginning to take shape.

Shareholders will be subject to a lockup period with its direct listing, according to people familiar with the matter. This modification would make it more like a traditional initial public offering.

According to people with knowledge of Palantir’s confidentially filed IPO documents, the company lost $579 million on revenue of $742 million in 2019. Palantir reported $488 million in revenue during the first six months of 2020, an amount expected to be higher in the second half of the ...