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Palantir Reports Losses, Adds Lockup Period Ahead of Listing

Aug. 21, 2020, 7:30 PM

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 ...