Palantir value pegged at $15.8 billion ahead of long-awaited NYSE debut, Technology News, ETtech

Palantir value pegged at $15.8 billion ahead of long-awaited NYSE debut
The New York Stock Exchange on Tuesday set a reference price of $7.25 per share for Palantir Technologies, valuing the data analytics company at a $15.8 billion ahead of its public market debut on Wednesday.

While the valuation was lower than the $20 billion that Palantir fetched in a 2015 private fundraising round, the reference price is not an offering price for investors to purchase shares, but rather a benchmark for performance when the stock starts trading on the stock exchange on Wednesday.

Two previous high-profile direct listings – Spotify in 2018 and Slack in 2019 – had started trading significantly above their reference prices.

Palantir opted to go public through a direct listing rather than a traditional initial public offering (IPO). This meant the company did not raise any money, but current investors are able to sell more shares.

Palantir shares are set to start trading on the NYSE on Wednesday under the symbol “PLTR.” The opening public price will be determined by buy and sell orders collected by the NYSE from broker-dealers.

Palantir, co-founded in 2003 by billionaire Peter Thiel, is among 2020’s most eagerly anticipated public listings. Known for its secretive contracts with the Central Intelligence Agency and other government groups, there has been much conjecture about how much Palantir is actually worth and whether investors will view it as a lucrative software provider or a less-glamorous consulting business.

The Denver, Colorado-based company has yet to turn a profit. It reported a net loss of $164.7 million for the first six months of 2020, down from a loss of $280.5 million a year earlier. Revenue over the same period rose almost 50% to $481.2 million.

The post Palantir value pegged at $15.8 billion ahead of long-awaited NYSE debut, Technology News, ETtech appeared first on Chop News.



from Chop News https://ift.tt/3l1YM54

Comments

Post a Comment

Popular posts from this blog

Where To Find Undetected Black Ops Cold War Hacks? | RVCJS

Image
Black Ops Cold War hacks are highly popular and there’s absolutely no question about it. If you regularly play the game on PC, there’s no doubt you haven’t encountered at least a few players that have used said Cold War hacks. You’ve probably thought about using them too at least once or twice, but haven’t done so because of a fear of getting banned. Luckily, there’s now a great solution for that which we’ll be discussing more about today. This solution is undetected Cold War hacks.  The Key Points to Keep in Mind Hacks for Cold War are very popular, but it’s very risky to use them.  Once you get banned, there’s no chance of recovering your account, which is why undetected hacks are a necessity.  Not all ‘’undetected’’ are truly undetected. You have to clearly decide which of them you choose.  Battlelog.co is the most trustable cheat provider of all in this department, as they offer truly amazing undetected Black Ops Cold War hacks .    Ho...
Read more

How to Manage Your Spinal Cord Injury in Arizona

Image
How to Manage Your Spinal Cord Injury in Arizona:  Arizona is a prosperous state in the United States, with a population of more than seven million people in 2019. It has a robust economy with an unemployment rate of 5.1% during the year. The state also posted a 2.7% job growth in 2018-2019, mainly driven by its healthcare industry. One of the growing segments in the state’s healthcare sector is medical cannabis. Experts recommend it to treat ailments like chronic pain and spinal cord injuries (SCI). However, you need to have a medical marijuana card in Arizona to buy medical cannabis legally. How to Manage Your Spinal Cord Injury in Arizona When to Seek Medical Help for Your SCI The National Spinal Cord Injury Association claimed an estimated 450,000 Americans are living with SCI. Also, there are around 17,000 new SCI cases in the U.S. every year. If you are an SCI sufferer, you should go to the hospital immediately if you experience one or more of the following symptoms af...
Read more

Jaydev Compares Cutting Beans With Pujara’s Ranji Final Innings, Gets A Hilarious Reply From Him | RVCJS

Image
The Indian cricketers are presently sitting inside their houses as the coronavirus outbreak has compelled each one of us to remain indoors to save ourselves from getting infected. While some players are getting active on social media networks and interacting with their fans or colleagues, several others are letting their fans know how they are spending time in the 21 days lockdown period. Indian cricketer Jaydev Unadkat under whose captaincy the Saurashtra team won the Ranji Trophy recently took to the micro-blogging site Twitter and posted a photo in which he showed the vegetables that he chopped. He also wrote heartwarming message for his mother as she has done such things infinite times but never showed off. Jaydev Unadkat’s tweet read, “By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation)  #QuarantineLife” By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation) #Q...
Read more