Palantir IPO news has been rolling in for weeks, but the general public now knows a potential stock price for this direct listing. Palantir currently has two classes of common stock. Palantir has also created a Class F stock. Palantir said it expects third quarter revenue of $278 million to $280 million, up between 46% and 47%, with non-GAAP operating income of $60 million to $62 million, excluding $54 million in expenses related to the listing, stock-based compensation and related payroll expenses. Articles by Amber Deter. Investment Opportunities Array Technologies IPO: Stock Successfully Trades on Nasdaq Market. As is standard in a direct listing, the company is not offering any new shares for sale. By Charles Riley, CNN Business. Thiel, the founder of Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Palantir Technologies Inc. and Asana Inc. made history by both completing direct listings on the New York Stock Exchange on the same day, a milestone for the little-tested way to go public. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Thiel has publicly supported President Donald Trump and contributed to his 2016 campaign, which caused a backlash among some in Silicon Valley, where Palantir was founded. It has 125 customers. Palantir, which will relocate its headquarters to Denver, provides tools to help companies, nonprofits, and government agencies analyze huge data sets. This copy is for your personal, non-commercial use only. The Palantir IPO is one of the most anticipated of the year. Palantir Projects as Much as 43% Sales Growth in 2020. Snowflake, Asana, and Ant Group have each filed to go public. According to Akita Michinoku Capital, a Tokyo-based wealth management company, Palantir plans to go public in September. (ticker: SPOT) and CEO Karp, in a letter to investors, also took aim at some companies in Silicon Valley. Instead, shareholders may sell their class A stock if they want to, an Aug. 25 SEC filing said. Lizette Chapman. This copy is for your personal, non-commercial use only. For the best Barrons.com experience, please update to a modern browser. What Else to Know Ahead of Its IPO. Palantir opted to go public through a direct listing, not the traditional IPO process, so it will not be raising new money. Updated 6:32 AM ET, Tue July 7, 2020 . Snowflake Given a $19 billion market cap, that would imply a valuation of about 14 times forward sales, which is far less than many cloud-based software companies—newly public Palantir said it expects 2021 revenue growth of more than 30%. The company said it won’t do business with “customers or governments” whose positions or actions are inconsistent with “Western liberal democracy and its strategic allies,” the filing said. Palantir expects to list shares for trading on Sept. 29, under the symbol PLTR. Palantir Technologies, the secretive data company best known for taking on controversial work for the US government, made its Wall Street debut Wednesday. Palantir to File IPO in Weeks For Possible Fall Debut By . (SNOW) trades for more than 100 times expected current year sales. Palantir stock begins trading on the NYSE on Tuesday, Sept. 30 under the ticker “PLTR”. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The company reported $164.7 million in net losses for the six months ended June 30 on $481.2 million in revenue. Spotify https://www.barrons.com/articles/when-will-palantir-stock-ipo-what-to-know-about-the-company-51598396496. Palantir said it had a fully diluted share count of 2.173 billion as of Sept. 1; the registration for the offering covers 257.1 million shares. Snowflake, Asana, and Ant Group have each filed to go public. Secretive data firm Palantir Technologies files for IPO. This copy is for your personal, non-commercial use only. Each share of Class F will have a variable number of votes and can convert at any time to one share of Class B. Palantir Stock IPO: A Direct Listing. and an early Palantir Technologies, the secretive data-analytics company, made public the regulatory filing for its long-awaited initial public offering.