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AOC flagged ‘material risks’ to Palantir investors in letter to SEC

In a newly released letter, New York Rep. Alexandria Ocasio-Cortez issued words of warning to the SEC over Palantir’s efforts to take the company public, cautioning the regulatory body over details the progressive congresswoman says were “omitted” in the company’s disclosures. Illinois Rep. Jesus “Chuy” Garcia co-authored the letter, embedded below, which was submitted to SEC Chairman Jay Clayton on September 17.
Palantir, a secretive data analytics company that provides its software to U.S. agencies, debuted on public markets Wednesday through a direct listing rather than a traditional IPO. The company debuted with an implied valuation of $16 billion.
“Palantir reports several pieces of information about its company – and omits others – that we believe require further disclosure and examination, as they present material risks of which potential investors should be aware and national security concerns of which the public should be aware,” Ocasio-Cortez and Garcia wrote.
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