Palantir Technologies, a Peter Thiel-backed data analytics company best known for working with government spy agencies, is preparing to trade on public markets for the first time on or around Sep. 23. But based on that comparison, Palantir arguably is worth a lot less.

Palantir will not launch a traditional initial public offering, instead planning a direct listing on the New York Stock Exchange. And Thiel has a strong reputation as a co-founder of PayPal and an early investor in both Facebook and Microsoft's LinkedIn. Read More

Snowflake, a data warehousing company, debuted on Sep. 16 at $245 per share, well above its $120 IPO price, implying there is a strong investor appetite for data companies. Valuation: Palantir is doing a direct public offering (DPO), which means there will be no new shares … In a letter accompanying the registration statement, company co-founder and CEO Alexander C. Karp said tech engineers are good at building software but "do not know more about how society should be organized or what justice requires.". Part of the bull case for Palantir is built around Wall Street's willingness to pay up for data analytics companies. The name Palantir is a nod to spherical objects used in the “Lord of the Rings” books to see other parts of fictional Middle-earth. Going public will eventually require Palantir to reveal additional information about its business.

They are missing the underwriting banks that connect companies with big-money institutional interest, come up with a price range for the shares, and backstop the offering in the event of a lack of interest.

In recent years only two other tech companies, Spotify Technology and Slack Technologies, have used direct listings to go public.

In its registration statement, Palantir said it has about 2.17 billion shares outstanding, including unvested options and restricted stock. "Our software is used to target terrorists and to keep soldiers safe," Karp wrote.

When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock. Palantir opted to go public through a direct listing, not the traditional IPO process, so it will not be raising new money. ... data mining company Palantir Technologies finally went public on Wednesday in an unusual … The average price on Sep. 1, the last day of private trading, was $9.17, getting the company within range of that $20 billion number. As for how Palantir's stock will fare, Kathleen Smith, a principal at Renaissance Capital which manages IPO-focused exchange-traded funds, told CNN Business that regular IPOs … Palantir stock begins trading on the NYSE on Tuesday, Sept. 30 under the ticker “PLTR”.

Returns as of 10/23/2020. Investors won't have significant voting rights. Analysts are predicting a $22 billion valuation.

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Spotify is up 77% since it first started trading, while Slack is down 33%. The company has decided to go with a … Palantir Technologies Inc. (NYSE: PLTR) stock is expected to hit the market this week.
There's strong and increasing government demand for data analytics, and defense IT should hold up even if there are budget battles in the years to come.

See you at the top!
Palantir Stock IPO: A Direct Listing. Private market prices are notoriously unreliable, and averages can be deceiving.

That would put Palantir's equity value at anywhere from about $9 billion to $25 billion.

Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. Palantir's and Asana's performances could change the market view on direct listings," said analysts with Renaissance Capital, an IPO research and investing firm, in a report Monday. Five years later, it is far from clear what the company is worth.

That implies a total equity value of about $14 billion. Direct listings are a lot simpler than IPOs and involve fewer restrictions, but they can also be riskier.

Those investments have paid off handsomely for shareholders. Last year, Salesforce.com paid more than 10 times sales to acquire Tableau Software, and Splunk trades at more than 13 times sales. When Palantir raised $880 million in 2015, it sold shares at a price that valued the business at an impressive $20.3 billion. Palantir IPO Cements Billionaire Fortunes For Cofounder Peter Thiel And CEO Alexander Karp. Karp seems to consider the company a defense specialist. Palantir will not launch a traditional initial public offering, instead planning a direct listing on the New York Stock Exchange. Should investors buy Palantir? But Palantir does not lump itself in with Silicon Valley data tech. I'm not one to rush in to buy IPOs in most circumstances, and Palantir  is no exception.

In the latest revision of its S-1 filing, Palantir states its … "If we are going to ask someone to put themselves in harm's way, we believe that we have a duty to give them what they need to do their job.". In the current quarter, the shares have traded for as little as $4.17 apiece, and as much as $11.50.


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