Shares of Palantir Technologies Inc , the U.S. data analytics firm known for its work with the Central Intelligence Agency and other government agencies, rose 48% on its public market debut on Wednesday, valuing the company at more than $23 billion.
, the U.S. data analytics firm known for its work with the Central Intelligence Agency and other government agencies, rose 48% on its public market debut on Wednesday, valuing the company at more than $23 billion.The listing is a landmark moment for Palantir, putting an end to years of speculation about when the company, co-founded by billionaire Peter Thiel in 2003, would go public and how much it would be worth.
The listing lifts Palantir’s valuation above the $20 billion the company was valued in a 2015 private fundraising round.
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