2018 was a great year for IPOs, and the momentum is likely to continue throughout 2019 despite the government shutdown in January. As companies wait longer to go public, investors are increasingly demanding a viable path to profitability.
This could bode well for deca-unicorn Palantir because the data analytics firm, which is reportedly planning an IPO this year, could become profitable over the next 12 months, according to CEO Alex Karp. Palantir also benefits from positive growth and valuation trends in the Business Intelligence (BI) and data analytics industry. We recently spoke to over 300 IT executives and decision makers to identify changes in their preferences and outlook on Business Intelligence (BI) and data analytics tools over the past year.
Author: Rohit Kulkarni