In 2020 FinSight VC invested on a secondary market in Palantir. Palantir – is a corporate operating system that enables biggest corporations and governments all over the world to make better decisions that are based on big data analytics. Palantir is a unified solution to extracting value from the big data that substitutes tens of separate solutions made by other software vendors. Despite global pandemic and macroeconomic volatility in a first half of 2020 Palantir revenue growth accelerated from 25% in 2019 to 49% YoY. In the first half of 2020 Palantir total revenue was $481M. Also, for the first time since inception Palantir generated net income (excluding stock-based compensation) in the first half of 2020 and estimates to generate 11% operating margin (excluding stock-based compensation) for the whole FY 2020. Palantir proved to be resilient and able to grow under conditions of volatility, pandemic, wars, natural disasters, and other emergency events when governments and biggest corporations use Palantir to analyze and respond to such events.
Palantir listed yesterday under NYSE under PLTR ticker. Trading started at $10.5 and the closing price of PLTR was $9.7. Dollar volume exceeded $3.5B during the first day of trading what proves extremely high investors’ interest in Palantir. At the first day of trading 20% of all insiders’ shares were available for trading straight after the bell while 80% of insiders’ shares will be under the lock-up until the publication of Palantir annual report (expected in the mid-February).
FinSight VC preIPO strategy proves its ability to spot private tech companies that with high probability will go public in the next 12 to 24 months. PreIPO investors not only receive 100% of a desired allocation but also participate in the capital gain from preIPO price to offering and public trading prices. Besides Palantir FinSight VC also invested in UiPath, Convoy, Carta which highlights our commitment to the preIPO strategy that proved to have an optimal risk/reward ratio in a current macroeconomic cycle. The Fund consistently invests in technological leaders in different market segments on later stages and high probability of a liquidity in the next 12-24 months. Technological transformation shifted from long-term plans to actions driving explosive demand of technological products that enable that transformation. Among technological companies we focus on the platform companies with strong network effects and high potential to accelerate market share.
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