To do this, he knew that existing approaches were getting worse and worse. Since 2011, he has been focused on building a new kind of cybersecurity firm. Source: Shutterstock Upcoming IPOs To Watch: CrowdStrikeĪccording to CrowdStrike CEO and Co-Founder George Kurtz: “We don’t have a mission statement - we are on a mission to protect our customers from breaches”
Recent ipos to look at professional#
In terms of keeping up the growth, the company has been focused on making its technology less reliant on professional services and targeted on non-government customers. Last year, Palantir posted revenues of $600 and they are projected to reach $750 million this year. In all, the company has raised $2.5 billion. A big reason is that employees and investors want to cash out on some of their gains (the company has been around since 2004 and has never posted a profit). But this could change next year as it looks like the company will hit the public markets. In fact, one of the investors was the CIA.įor the most part, Palantir has been secretive. He saw the huge potential of using data mining and analytics for fighting fraud and even terrorism. Peter Thiel, the co-founder of PayPal (NASDAQ: PYPL) and the initial outside investor in Facebook (NASDAQ: FB), is the mastermind of Palantir (an avid Tolkien fan, “Palantir” means “seeing stone”).
Source: Shutterstock Upcoming IPOs To Watch: Palantir In other words, there are multiple levers for growth, which should be encouraging for IPO investors. Over the years, Uber has invested in various other categories like freight, food delivery (UberEats), bikes and self-driving cars. The company is also more than just about ride-hailing. Before joining Uber, he was the CEO of Expedia (NASDAQ: EXPE). The good news is that the incoming CEO, Dara Khosrowshahi, has done a great job in changing the organization. Uber’s aggressive strategies definitely were critical in creating a powerhouse. Although, the company continues to lose money. During the latest quarter, revenues shot up by 38% to $2.95 billion.
The company might be able to raise over $20 billion (note that the company has already raised $20 billion!).įounded in 2008, the company is the pioneer of the ride-hailing market, which has disrupted the traditional taxi cab industry. Uber will likely be the biggest IPO for next year and perhaps the biggest in history. Source: Shutterstock Upcoming IPOs To Watch: Uber
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