Secretive data-miner Palantir could fetch a $22 billion price-tag at its market debut next week, WSJ says
- Palantir, the secretive technology firm, could fetch a $22 billion price-tag at its planned market debut on September 30, the Wall Street Journal reported on Thursday.
- Palantir’s bankers have said the company could start trading at $10 a share, equating to a market valuation of about $22 billion.
- The controversial company is choosing to bypass the traditional initial-public-offering route, and opt for a direct listing instead.
- In the past year, Palantir’s stock in its private listing has trended higher.
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Big-data company Palantir Technologies is expected to carry a $22 billion price-tag when it goes public by the end of September, WSJ reported.
The data-miner is avoiding a traditional IPO route and instead choosing to go public via a direct listing, the Journal reported.
According to WSJ, Palantir’s bankers have told investors that shares could start trading at $10 each, giving the