That’s the expected valuation of Palantir (private) when it goes public next week.
Shares of the data-mining company could double on Day One – just like Snowflake.
Go here ASAP to grab Pre-IPO shares BEFORE Wednesday.
Palantir will start trading on Wednesday, Sept. 30.
In the Palantir IPO, shares will go public with a direct listing on the New York Stock Exchange with the ticker symbol PLTR.
Palantir is going public via a direct listing.
A direct listing means that the company will not issue new shares or raise capital. This reduces fees earned by investment banks.
It also means that there are NO Palantir IPO shares. Even billionaire clients at Goldman Sachs and JP Morgan must buy their shares in the open market – just like us.
Instead, in the Palantir IPO, shares will simply start trading on the NYSE.
The company’s advisors say the opening price of the Palantir IPO will be around $10. And that’ll give the company a $22 billion market value.
Tech stock IPOs related to cloud computing, data and software have been performing very well. For example, Snowflake (NYSE: SNOW) stock surged 112% on its first day of trading.
That suggests that Palantir stock could surge in its debut.
Most folks will wait for the IPO. Yet a small group of IPO insiders are already scooping up shares – before the price doubles.
Click here to claim your Palantir Pre-IPO shares.
Palantir: Revenues to Exceed $1 Billion
2020 will be a big year for Palantir.
The company just released historical financial data and guidance for the year.
Last year, Palantir revenues grew 25% to $743 million. And the company reported a net loss of $322 million.
Palantir expects revenues to grow 42% this year – exceeding $1 billion. Importantly, the company expects to turn a profit of around $120 million.
The Palantir IPO will be yet another major success for Peter Thiel.
Thiel is one of the Palantir founders. He’s one of the largest shareholders. And his stake is likely worth several billion dollars (click here to claim Palantir Pre-IPO shares).
The entrepreneur turned venture capitalist has a string of successes. He was a founder of PayPal (NASDAQ: PYPL).
After taking PayPal public, Thiel invested $500k into a startup called Facebook (NASDAQ: FB). And when Facebook launched its IPO, he made $1.1 billion.
Thiel has been an early investor in LinkedIn, Yelp, Stripe, SpaceX, Spotify, Airbnb and hundreds of other early-stage companies.
Next Wednesday is the Palantir IPO, in which Palantir goes public.
Yet EVERY investor can easily buy private Pre-IPO shares without restriction. You do NOT need to be a millionaire “accredited investor.”
Go here to discover exactly how to get started.
Yours in Wealth,