rather than holding an initial public offering. In a direct listing, early investors create a public market for their company's stock by selling shares directly to other investors via a stock exchange.a growing number of other tech startups
In most companies with more than one class of shares holders of Class B stock control the company. But that's not necessarily going to be the case at Palantir. That's because it will have a third group of shares — Class F — that effectively ensures the control of its three founders. That power is contingent on the Karp, Cohen, and Thiel collectively owning at least 100 million "corporation equity securities," a term Palantir's public offering documents left undefined. Should their holdings dip below 100 million, their Class F shares will have 10 votes a share.
Just like Facebook.
Palantir IPO is just another low-float, 4-class (for real - FOUR classes of stock!), no earnings piece of market manipulation. Internal controls not up to snuff (of course). NYSE has really lowered its standards. DMs open for commentary and interviews. $PLTR
They seem...creepy.
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