(Bloomberg) — Palantir Technologies Inc. began trading Wednesday as a public company, ending a 17-year tradition of secrecy surrounding the software business co-founded by Peter Thiel.The data analytics company opened at $10 on the New York Stock Exchange, above the reference price of $7.25 that was set for the stock. Palantir listed its shares directly on the exchange, rather than raising capital through an initial public offering.Palantir popped about 10% to a market value of $18 billion after the first trades. It failed to capture the $20 billion valuation private investors had given Palantir since at least 2015.Companies are racing …read more
Source:: Yahoo Finance
