• Palantir's direct listing snafu

    26 days ago - By Fortune

    Asana and Palantir walked into the spotlight Wednesday by going public through the fairly green process of a direct listing-on the same day, no less.
    While shares of both companies ended the day above their private market values, some early Palantir investors may have had trouble cashing out due to tech issues, according to the Wall Street Journal .
    A main premise of direct listings is that existing shareholders are able to cash out on their shares even while the company itself doesn't raise funding.
    But according to the WSJ , current and former employees struggled to sell their shares...
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