Shares of the big data company Palantir began trading on Wednesday via a direct listing.
The New York Stock Exchange established a reference price of $7.25 per share, valuing the company at about $16 billion ahead of its official debut.Palantir also has faced criticism from activists for its work with Immigration and Customs Enforcement, which the company has acknowledged poses a risk to its business — partially because yielding to the criticism might endanger its business with government clients.
Shares of Palantir began trading on the New York Stock Exchange on Wednesday through a direct listing. The stock opened at $10 per share, and rose 14% to $11.40 within the first hour of trading.
Bring on some more Robin Hooders for the slaughter
It just seems like Silicon Valley pomp. Tout a lot about margins and Gov’t but it’s clear as mud where they are going. Kind of feels like the ranks
$NAK about to pop on partnership. BMogues
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