The American big data company Palantir Technologies, which collaborates with intelligence agencies in the fight against terrorism, among others, plans to go public in New York. According to insiders against Bloomberg news agency, trading in Palantir shares on Wall Street may begin this fall.

Palantir, California, based in Palo Alto, would like to apply for listing with stock market watchdog Securities and Exchange Commission (SEC) in the coming week. It is not clear what value is being targeted, but an investment round in 2015 awarded $ 20 billion to Palantir. No final decision on an IPO would have been taken yet.

Palantir was founded in 2003 and uses complex software to process large amounts of data to detect terrorists and criminals, for example. The software is used by security and police forces worldwide. The company also provides software for the financial sector to detect suspicious transactions.

One of the founders of Palantir is tech investor Peter Thiel, a well-known Silicon Valley name. The German-American billionaire is a co-founder of the payment service PayPal and one of the first investors in Facebook. The American intelligence agency CIA is also among the early investors in Palantir, led by CEO Alex Karp.

Palantir is named after the dark crystal balls from the Lord of the Rings books, with which events can be seen at a distance or in the future.