Palantir valued at $20 billion in choppy stock exchange debut

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(Reuters) - Palantir Technologies Inc <PLTR.N>, the U.S. data analytics firm known for its work with the Central Intelligence Agency and other government agencies, was valued at $20.6 billion in a choppy New York Stock Exchange debut on Wednesday.
The listing ended years of speculation about when the company, co-founded by billionaire Peter Thiel in 2003, would go public and how much it would be worth.
Palantir's shares closed at $9.50 apiece, below its $10 opening price though topping the weighted average price of $9.17 in the private markets in September as well as a reference price of $7.25 set by the New York Stock Exchange on Tuesday.
Palantir decided in the middle of 2019 to go public, with an original timetable to complete the listing in the second half of 2021 but the COVID-19 pandemic accelerated its plans, according to Chief Operating Officer Shyam Sankar. ...


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