Opinion

PETER GRIFFIN: Citizen Thiel set to cash in big and keep control of Palantir

Peter Griffin
Thu, 01 Oct 2020

Peter Griffin
Thu, 01 Oct 2020
Palantir Technologies shares started trading today (Wednesday US time) on the New York Stock Exchange as the company pursued a direct listing that it claimed would value Palantir at US$22 billion.As of 9am this morning, Palantir shares were trading at US$9.73 putting its market valuation at US$21.4 billion. That should please Peter Thiel, Palantir’s co-founder and a New Zealand citizen since 2011.Palantir had its roots in 2003 as a CIA-funded start-up and has attracted considerable controversy as a result of its work with US defence and l...

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