Palantir value pegged at $15.8 billion ahead of long-awaited NYSE debut

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By Joshua Franklin and Abhishek Manikandan
(Reuters) - The New York Stock Exchange on Tuesday set a reference price of $7.25 per share for Palantir Technologies Inc, valuing the data analytics company at a $15.8 billion ahead of its public market debut on Wednesday.
While the valuation was lower than the $20 billion that Palantir fetched in a 2015 private fundraising round, the reference price is not an offering price for investors to purchase shares, but rather a benchmark for performance when the stock starts trading on the stock exchange on Wednesday.
Two previous high-profile direct listings - Spotify Technology SA <SPOT.N> in 2018 and Slack Technologies Inc <WORK.N> in 2019 - had started trading significantly above their reference prices.
Palantir opted to go public through a direct listing rather than a traditional ...


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