Entering text into the input field will update the search result below

Palantir shares surge 55% after NYSE direct listing

Sep. 30, 2020 1:53 PM ETPalantir Technologies Inc. (PLTR) StockPLTRBy: Brandy Betz, SA News Editor68 Comments
  • Data mining company Palantir (NYSE:PLTR) opens at $10 in its NYSE trading debut and now sit at $11.24, up 55% from the $7.25 reference price.
  • The market cap for the newly public company is a bit trickier to pin down, since the fully diluted share count is 2.17M but only 1.65M are immediately common stock. The market value is $16.5B at the lower share number.
  • Palantir and Asana were the first two direct listings of the year and both happened today.
  • Last week, Palantir guided for Q3 revenue of $278-280M  (up 46-47% Y/Y) with operating income of $60-62M.
  • Palantir's listing made headlines for the secretive nature of the business and a complicated at best governance structure that ensures the co-founders remain in power regardless of share ownership.
  • Previously: Asana +35% in direct listing debut (Sep. 30 2020)

Recommended For You

About PLTR Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
PLTR--
Palantir Technologies Inc.