Palantir and Asana Go Public on The New York Stock Exchange

Palantir (PLTR) opened at $10 a share, and up to $11 42 cents per share in the first few minutes of trading in this morning’s trade on the New York Stock Exchange.

Palantir is a software data mining company founded by Peter Thiel. The company made its debut as a direct listing instead of a traditional IPO. No IPO price was is presented. When a company offers shares through a direct listing it offers a reference price. That price reflects the shares in the secondary market. The company was valued a $25.4 billion dollars with the reference price of $7.25 a share.

Asana Inc. also came out the gate trading today at 12:30 p.m. Eastern time with a $4.1 billion dollar valuation. The New York Stock Exchange reference price for SANA was $25 per share . The sun’s shares rose up 40% with an intraday high of $29.7 per share.Asana is a work management collaboration software company founded by Facebook co-founder Dustin Moskowitz. Moskovitz also serves as Chief Executive Officer.

Image by Thomas Breher from Pixabay

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