Anonymous ID: 31d1b5 Sept. 29, 2020, 2:32 p.m. No.10840988   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>1045 >>1146

Palantirโ€™s Direct Listing Reference Price Set at $7.25 by NYSE

 

The New York Stock Exchange has set a reference price of $7.25 for the direct listing of Palantir Technologies Inc., the data mining company co-founded by technology billionaire Peter Thiel.

 

No shares change hands at the reference price, though it acts as a guide to investors and is determined based on recent secondary trading performance. Palantir, which wonโ€™t raise any proceeds, will begin trading on Wednesday alongside workplace management software firm Asana Inc., which is also set to debut through a direct listing. Analysts have estimated that Palantir could be valued at $20.8 billion to $28.2 billion, according to research notes. Palantir and Asana are the third and fourth major companies to go public via a direct listing, following Spotify Technology SA in 2018 and Slack Technologies Inc. last year.

https://www.bnnbloomberg.ca/palantir-s-direct-listing-reference-price-set-at-7-25-by-nyse-1.1501202