REV-backed Palantir has cut the size of its stock options, effectively valuing itself at $11bn just four months after reports suggested it would seek a $41bn valuation for its IPO in 2019.

Palantir, the US-based big data processor backed by data analytics provider Relx, has revised its employee stock options to $6 a share, valuing itself at approximately $11bn, Fortune has reported. The valuation represents a signficant drop from the $20.3bn Palantir achieved for an $880m funding round in 2015 and a fraction of the $41bn valuation…

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