Could Palantir's IPO Rival Snowflake's?
One of the more high-profile public listings of 2020 will be that of Palantir Technologies, a data analysis company founded by PayPal (NASDAQ: PYPL) alumni Peter Thiel, Nathan Gettings, and Joe Lonsdale.
A filing with the Securities and Exchange Commission (SEC) on Friday revealed that the company expects to begin trading on the New York Stock Exchange on Wednesday, using the ticker "PLTR."
Because of the name recognition of its founders and the secretive nature of the company's work, Palantir is getting a lot of attention from investors and plenty of ink in the press. That, coupled with the company's impressive financial picture, may result in a successful launch that could rival that of Snowflake (NYSE: SNOW), which had a blockbuster debut earlier this month.
Source Fool.com
