Sompo, Fujitsu and Relx-backed Palantir went public yesterday and fetched a $20.6bn valuation – only marginally above the $20.3bn it was worth in 2015.
Palantir, a US-based big data analytics company backed by insurer Sompo Holdings, IT services firm Fujitsu and data analytics technology provider Relx, went public yesterday through a direct listing on the New York Stock Exchange (NYSE).
The company fetched a valuation of $20.6bn and its shares dropped from a $10 opening price to $9.50 by market close, though this remained above the reference price of $7.25 set by the NYSE two days ago. Palantir was worth $20.3bn in 2015.
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Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
