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One of the most hotly-anticipated public offerings of the year is happening next week. Palantir, the secretive data analytics company backed by PayPal co-founder Peter Thiel, will list on the NYSE under the symbol PLTR via a direct listing on September 29th.

The company originally planned to go public on September 23rd, but recently changed the date. Registered stockholders are expecting to sell up to 257 million Class A shares.

During 2020 Q3 around 36 million shares were sold privately at a volume-weighted average of $6.45. So far this year the company has privately raised $900 million at $4.65 per share. The company’s estimated value is between $18 billion and $26 billion.

Spotify and Slack are the only two other tech companies in recent years to have gone public via a direct listing. Palantir is using the same bank – Citadel Securities – that worked with them to help advise it during the process.

How to trade Palantir

Marketsx gives you three ways to trade the biggest IPOs and direct listings, including Palantir.

You can get started right now with our exclusive Palantir grey market – buy or sell to speculate on the eventual market capitalisation after the stock hits the market.

Or you’ll be able to trade CFDs on the stock after the listing is completed.

You can also trade the performance of the biggest IPOs in the last two years with CFDs on the Renaissance Capital IPO ETF. This ETF covers only new companies and is updated regularly. The most significant IPO stocks are added as soon as they list, and the ETF is updated quarterly to make sure it includes all the newest US stocks on the market.

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