Palantir Technologies shares are expected to open for trading on Tuesday at around $10 a share, giving the company a valuation of around $22 billion, The Wall Street Journal reports.
The offering will be closely scrutinized. While there has been considerable discussion about direct listings in recent months, there have been only two direct listings of venture-backed technology companies in recent years— Slack Technologies in June 2019 and Spotify Technology in April 2018. Neither has been a screaming success. Spotify shares opened at $167, and only decisively moved above that level in this year’s Covid-19-driven tech rally; the stock is now at about $233.
Earlier this week, Palantir provided financial guidance for the third quarter, the full year, and next year. For the full year, the company sees revenue of $1.05 billion to $1.06 billion, up between 41% and 43%, with non-GAAP operating income of $116 million to $126 million. The company expects 2021 revenue growth of more than 30%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
ShareholdersMeeting ShareholderActivism ShutdownPalantir
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks eke out small gains after wild session, Apple leads tech higherStocks fell on Thursday as a rebound in tech shares lost steam while traders weighed the latest batch of economic data. Here's how the major averages performed: - The Dow gained 52 points. - The S&P 500 rose .3%. - The Nasdaq advanced .37%. Define 'fell' ? CNBC..... stocks fell Thursday. LMAO. Dumb get dumber how spoiled the market has made you - now less than .25% gains is defined as stocks 'fell'
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Finish Higher Even After Another 870,000 Americans File For UnemploymentThe stock market finished higher today even after another 870,000 Americans filed for unemployment by skleb1234 skleb1234 That's becuase there is no connection between Wall Street and Main Street - contrary to what the POTUS thinks. Bragging about market gains while almost a million people file for unemployment shows how disconnected he is as well skleb1234 As long as the rich continue to grow richer, it will continue thusly. skleb1234 The rich get even richer and the poor get even poorer. It’s always been like that
Source: Forbes - 🏆 394. / 53 Read more »
Stocks making the biggest moves midday: Nikola, Penn National, Darden, Goldman & moreStocks making the biggest moves midday: Nikola, Penn National, Darden, Goldman Sachs & more Who are the whales who saved the market this mornin? PLEASE COVER FEDERAL UNEMPLOYMENT WE ARE GETTING $200 A WEEK URGE THE USA
Source: CNBC - 🏆 12. / 72 Read more »