Article Hero

Palantir: a direct listing story

1601453016.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
30 septiembre 2020
Palantir: probably the hottest direct listing of the year

One of the hottest tech-IPOs of the year is finally here! Palantir will start trading on the New York Stock Exchange today in a direct listing. Palantir has been on everyone's lips since its SEC filing on August 25. Let's see together what this company is about.

Palantir Technologies Inc is a data mining and analyzing company founded in 2003 by Peter Thiel, Alex Karp, and three other investors. Peter Thiel, the current chairman of Palantir is also one of the co-founders of PayPal.

So far, no one can deny the popularity that Palantir gained since August, but the company wasn't so social during its first years of existence. One of the main reasons why Palantir was both secretive and, later on, controversial was that it began operating using money from the Central Intelligence Agency (CIA). 

The funding has been used to develop data-crunching software for the US government and its allies for surveillance and warfare planning. Its first major project, Gotham, launched in 2008. But as years went by, Palantir started in 2016 to serve corporate clients through its second project – Foundry. According to Palantir, 53% of its clients are private entities. 

Trade the Palantir IPO with CAPEX.com!

Despite being lucky to work with and for governmental and private entities, Palantir's financial situation hasn't been too rosy in the past years. Last year its revenue figures came in at $742.6 million. But today things might take a turn for the better, as analysts are expecting the company to reach a market cap of $22 billion. Also, Palantir itself is optimistic about the future. In Q3, it expects its revenue to increase by 47% at its peak, while the full-year revenue to increase between 41% - 43%.

Although the market was talking about an IPO in August, things have changed as Palantir is going for the above-mentioned direct listing. This method allows Palantir to sell the shares that it already has, as it doesn't need to create or sell any new ones. So far, Palantir has 1.64 billion shares, out of which 461.2 million are said to be available for trading today. 

According to the industry's reference price and based on the previous tech IPO that focused on Snowflake, the shares will probably start trading at $10. However, nothing is for sure, as Palantir's leading consultant and market maker, Morgan Stanley will set the opening price. If the $10 apiece price is kept, Palantir's market cap will roughly reach the above-mentioned market capitalization of $22 billion, being one step closer to becoming the largest direct listing of the year. 

Palantir will be available for trading today and will have the ticker symbol PLTR. 

Be part of the action and start trading with CAPEX.com!

Sources: marketwatch.com, crunchbase.com, fool.com


Esta información/estudio preparada por Miguel A. Rodriguez  no tiene en cuenta los objetivos específicos de inversión, la situación financiera o las necesidades particulares de una persona. El analista de estudios es, principalmente, responsable del contenido de este informe de estudio, en parte o en su totalidad, certifica que los puntos de vista sobre las compañías y sus valores expresados en este informe reflejan con exactitud sus puntos de vista personales, y como consecuencia, toda persona que actúe basándose en ellos lo hace bajo su propio riesgo.El estudio proporcionado no constituye los puntos de vista de KW Investments Ltd, ni es una invitación a invertir con KW Investments Ltd El analista de estudios certifica, además, que ninguna parte de su remuneración ha sido, es o será directa o indirectamente relacionada con recomendaciones o puntos de vista específicos expresados en este informe.El analista de estudios no está contratado por KW Investments Ltd Le animamos a buscar asesoramiento con un consejero financiero independiente con respecto a la idoneidad de la inversión, en virtud de otra participación separada, cuando considere oportuno que es conforme con sus objetivos específicos de inversión, su situación financiera o, sus necesidades financieras particulares antes de comprometerse a invertir..Las leyes de la República de Seychelles rigen cualquier reclamación relacionada o que surja por el contenido de la información/análisis proporcionado.

Compartir este artículo

¿Qué te ha parecido este artículo?

Horrible
Bien
Genial
Impresionante

Leer Más

Miguel A. Rodriguez
Miguel A. Rodriguez
Autor financiero

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.