Palantir went public in late September via a direct listing, and the stock has soared more than 175% in the months since. In this … Palantir's Direct Offering: Palantir Technologies Inc (NYSE: PLTR) is planning on selling 244,233,967 shares via a direct listing. The article Palantir moves NYSE direct listing date to September 29 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com. Palantir later issued forecasts for the rest of this year and for 2021, which companies cannot officially do for an initial public offering but is allowed for a direct listing. Practically speaking, this means Palantir will report 2020 earnings figures before the lock-up expires. Palantir’s direct listing is scheduled for Sept. 23. Its shares began trading at the end of Sept. 2020, coming to market via a direct listing. As part of the listing, insiders were initially allowed to … Another notable aspect of the Palantir direct listing is the multi-class stock approach, also adopted by Slack and Spotify. In direct listings, the … Palantir Technologies Inc.’s direct listing had everything — and left some shareholders wondering whether the 17-year-old company was really ready to go public. Stock restriction was an unusual condition of direct listing Palantir Technologies Inc. during the company's initial public offering. In a direct listing, a private company shuns the underwriting by an investment bank and lists directly on the exchanges. Palantir Technologies (NASDAQ:PLTR) is one heck of a hot stock. The combination of a direct listing and a lockup period would be novel, and represents a turn away from the more employee-friendly tactics that have been pioneered by Slack and Spotify. While Palantir went with a direct IPO that enabled insiders to sell 20% of their holdings at the time of listing, they will be free to sell the … Palantir just officially laid out its plans to go public in a direct listing Graham Rapier and Troy Wolverton 2020-08-25T21:37:00Z As stated earlier, Palantir has opted for a direct listing – alternatively known as the Direct Public Offering or a DPO – on the NYSE.