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Former Palantir employees say that the startup's workforce has been 'itching to go public' a?? and the pandemic may have helped speed the secretive company's IPO filing

Former Palantir employees say that the startup's workforce has been 'itching to go public' a?? and the pandemic may have helped speed the secretive company's IPO filing
Drew Angerer / Getty Images



Earlier this month, Palantir, the secretive data analytics startup confidentially filed for an IPO, which has surprised some outsiders.




But Palantir employees are "really itching to go public," said one former employee who spoke on condition of anonymity because workers are sworn to secrecy about company operations when they sign the startup's stringent non-disclosure agreements.




Here's why Palantir employees want the company to go public, and why the descent of the coronavirus pandemic might have helped accelerate the IPO time frame.




Visit Business Insider's homepage for more stories.




For 17 years, Palantir brushed off talk of going public, avoiding Silicon Valley's standard script for buzzy tech startups. Now with the coronavirus pandemic roiling the global economy, the company has decided the moment is right for a stock listing.
The timing may seem like a bit of a head scratcher. But according to recently departed employees that Business Insider spoke to, the pressure to go public from inside Palantir has become increasingly difficult for management to ignore — and the changes brought about by the pandemic may have even pushed the situation to the brink.
In company town halls, conducted over Zoom calls after the pandemic began, questions about the status of a potential initial public offering grew louder and more frequent, and there was a palpable sense that employees were growing restless, the sources said.
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