Palantir Technologies’ reference price is set at $7.25 ahead of its direct listing on Thursday, according to the New York Stock Exchange.
At that price, Palantir would command a fully diluted market value of more than $15 billion, and would be the year’s sixth-largest US listing by market value.
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The Denver, CO-based company plans to list on the NYSE on Wednesday under the symbol PLTR.
The NYSE reference price does not reflect an offering price, or the opening price for Palantir’s shares on Wednesday. Instead, the opening public price will be determined by the designated market maker, using buy and sell orders collected by the NYSE from broker-dealers. All tradable shares will be sold by existing shareholders.
Palantir is the third major direct listing, following Slack (WORK)