Palantir Expected to Be Valued at Almost $22 Billion, Dow Jones Reports

(Bloomberg) — Palantir Technologies Inc.’s bankers have told investors that its shares could start trading at about $10 each, which would value the data-mining company at almost $22 billion on a fully diluted basis, Dow Jones reports, citing unidentified people familiar with the matter.Palantir is planning to go public on Sept. 30 through a direct listing, an alternative to a traditional initial public offering in which the company doesn’t issue new shares to raise capital. Rather, current investors can place their shares on the market when trading begins.A representative for Palantir declined to comment.The company was previously valued by investors …read more

Source:: Yahoo Finance