It has since expanded its customer base to serve state and local governments, as well as private companies in the financial and healthcare industries.[1] Karp, Palantir's chief executive officer, announced in 2013 that the company would not pursue an IPO, as going public would make "running a company like ours very difficult".[11] However, on October 18, 2018, the Wall Street Journal reported that Palantir was considering an IPO in the first half of 2019 following a $41 billion valuation.[12] In July 2020, it was revealed the company had filed for an IPO.[13]