Palantir Expected to Be Valued at Nearly $22 Billion in Trading Debut
▻https://www.wsj.com/articles/palantir-expected-to-be-valued-at-nearly-22-billion-in-trading-debut-1160099073
Bankers have told investors stock could start trading at around $10, sources say Palantir Technologies Inc. is expected to fetch a lofty valuation in its transition to a public company despite an unusually aggressive governance structure, in the latest sign of investors’ voracious appetite for new shares. The data-mining-software specialist is eschewing the traditional IPO route and going public through a direct listing, in which a company floats its existing shares on a public exchange (...)