Palantir slow walked their IPO because it is, by nature, a very secretive business that sells to law enforcement, military, banks, etc., and the transition to o

Palantir slow walked their IPO because it is, by nature, a very secretive business that sells to law enforcement, military, banks, etc., and the transition to opening up its books and talking about their customers is inherently difficult. They were able to raise privately for a long time so they felt no reason to hurry to go public. At same time they've raised so much money that being acquired by a PE firm or basically anything else other than going public would likely be detrimental to common shareholders given liquidity preferences. And now given all the backlash that police department funding is getting and the possibility of a Biden presidency looming it's very possible that the type of "surveillance policing" that Palantir enables will be severely cut, and in fact some cities have already begun to ban these practices.