A NEW IDEA ON DATA MINING COMPANY PALANTIR — NEW DIRECT LISTING
Palantir (PLTR) is a traditionally secretive data mining company with major government contracts. Instead of a traditional IPO, the company has chosen a direct listing on NYSE. The reference price is set at $7.25 per share. The preliminary indications are that it may start trading around $10.10. This is still lower than the prior private market valuations around $11.
Expect the stock to be very volatile. Here is the key question, “Will Palantir become a momo stock?” If yes, the momo crowd can drive it much higher than you can imagine.
Zones
This is suitable only for aggressive investors. The recommended position size is 25% of full core position size. … Please click here or the title below to read more.
September 30, 2020