Facebook's billions are backing two tech direct listings on Wednesday: Palantir and Asana

United States News News

Facebook's billions are backing two tech direct listings on Wednesday: Palantir and Asana
United States Latest News,United States Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Facebook's billions are backing two direct listings on Wednesday: Palantir and Asana

that revenue this year will increase 42% to $1.06 billion and that it will have an adjusted profit, excluding stock-based compensation costs, of $121 million.

Asana's trading volume has been much lower than Palantir's. While 660,000 to 17.7 million Palantir shares traded each month between April 2019 and August 2020, Asana's volume ranged from 2,000 shares to about 683,000 shares per month between February and August 2020.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

It's a big week for public debuts. Here's how the flood could impact ETFs, per three market analystsIt's a big week for public debuts. Here's how the flood could impact ETFs, per three market analystsWith Palantir and Asana's direct listings on deck, three market watchers break down what 2020's share issuances could mean for exchange-traded fund investors.
Read more »

The Palantir non-IPO: 5 things to know about the (formerly) secretive software company’s direct listingThe Palantir non-IPO: 5 things to know about the (formerly) secretive software company’s direct listingPalantir Technologies Inc. was known for years as being the most secretive unicorn startup in Silicon Valley, but going public has turned the company from a...
Read more »

Palantir value pegged at $15.8 billion ahead of long-awaited NYSE debutPalantir value pegged at $15.8 billion ahead of long-awaited NYSE debutThe New York Stock Exchange on Tuesday set a reference price of $7.25 per share for Palantir Technologies Inc, valuing the data analytics company at a $15.8 billion ahead of its public market debut on Wednesday.
Read more »

Caesars to buy William Hill for $3.7 billion in sports-betting driveCaesars to buy William Hill for $3.7 billion in sports-betting driveU.S. casino operator Caesars Entertainment agreed on Wednesday to buy British-based gambling group William Hill for 2.9 billion pounds ($3.7 billion) to expand in the fast-growing U.S. sports-betting market.
Read more »

Alibaba cloud division to be profitable within FY2021 - CFOAlibaba cloud division to be profitable within FY2021 - CFOChinese tech giant Alibaba's cloud unit expects to be profitable within 2021, a senior executive said on Wednesday.
Read more »

Spotify’s CEO and Goldman Sachs have both invested in this high-tech Tesla rivalSpotify’s CEO and Goldman Sachs have both invested in this high-tech Tesla rivalSpotify co-founder and CEO Daniel Ek is among a group of investors, including Goldman Sachs and Volkswagen, that are backing a high-tech battery company...
Read more »



Render Time: 2025-04-07 04:08:32