George Soros is one of the world’s best hedge fund managers.
Back in 2012, his investment fund bought private Pre-IPO shares of Palantir (NYSE: PLTR). Palantir was valued at just $4 billion at the time.
Fast-forward to 2020 and Palantir went public in a direct listing. Shares started trading at $9.50. And in the last two months the shares have nearly doubled to +$18.
Please note that I shared my bullish views on Palantir with my clients when the stock launched its IPO. And I even purchased a small position in my personal account when the stock was below $10.
Yet the biggest Palantir profits are being earned by the company’s Pre-IPO investors (go here for my #1 stock to buy now).
My estimates suggest that George Soros is sitting on a 711% profit!
Yet, after these sizable gains . . .
George Soros is cashing in $175 million of his Palantir stock. And he plans to sell EVERY share as quickly as possible.
Because he HATES this company.
Palantir is a big data company. Its software is used by government surveillance programs to hunt down criminals and terrorists.
Soros has been a vocal opponent of President Trump. And he’s also been critical of technology companies that infringe on people’s civil liberties.
Soros announced that he “does not approve of Palantir’s business practices.”
The Soros company explained that it “made this investment at a time when the negative social consequences of big data were less understood.” And said it wouldn’t make the same investment decision today.
The 90-year old’s investment firm owns 1% of Palantir’s Class A shares.
The firm has begun selling Palantir shares as quickly as possible. And the investor plans to unload the entire position as soon as it’s allowed.
Palantir Founder Launches NEW IPO
One of Palantir’s founders is launching a brand-new IPO.
Unlike previous deals, this one is open to EVERY American without any restrictions. And I’m going to show you exactly how to grab your shares today.
Frankly, getting into this deal could be like buying Palantir back in 2012. That’s when the company’s valuation was just $4 billion – compared with today’s market cap of $34.7 billion.
Yours in Wealth,