Hyundai Oilbank attracts $20 million from Palantir ahead of IPO
According to The Korea Economic Daily Global Edition,
South Korean refiner Hyundai Oilbank Co. has attracted $20 million in investment from US data analytics firm Palantir Technologies Inc. ahead of its planned initial public offering in the first half of next year.
Hyundai Heavy Industries Holdings Co., the parent of the oil refiner, said on Thursday it has signed a share sale and purchase agreement with the New York Stock Exchange-listed company.
Hyundai didn’t disclose the size of the stake Palantir will assume in return for the equity investment.
Palantir, established by PayPal co-founder Peter Thiel, Nathan Gettings and others in 2003, is a software company that specializes in big data analytics. Headquartered in Denver, Colorado, the company counts US intelligence agencies CIA and FBI as well as global companies such as Airbus and BP plc among its major clients.
2021.12.13