Skip to content
Subscriber Only

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

Palantir Technologies Headquarters As BP Is Reported Shareholder
Photographer: David Paul Morris/Bloomberg
Updated on

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.