Peter Thiel-backed Compass Pathways Plc on Friday filed for an initial public offering (IPO), adding to a flurry of filings from tech companies ...
Peter Thiel-backed Compass Pathways Plc on Friday filed for an initial public offering , adding to a flurry of filings from tech companies during a week that has already seen Palantir Technologies and Snowflake Inc make their IPO paperwork public.
PayPal co-founder and Facebook board member Peter Thiel delivers his speech on the U.S. presidential election at the National Press Club in Washington, U.S., October 31, 2016. REUTERS/Gary CameronREUTERS: Peter Thiel-backed Compass Pathways Plc on Friday filed for an initial public offering , adding to a flurry of filings from tech companies during a week that has already seen Palantir Technologies and Snowflake Inc make their IPO paperwork public.
The United Kingdom-based mental healthcare company, in which Thiel owns a 7.54per cent stake, said it plans to list its American depositary shares on the Nasdaq under the ticker"CMPS".The company posted a net loss of US$24.83 million, or 30 cents per share, in the first six months of the year. Silicon Valley billionaire Thiel is a co-founder of PayPal and was Facebook Inc's first major investor. He is also the chairman of Palantir Technologies, which will go public through a direct listing in the coming weeks.
Several companies have been looking to ride the stunning recovery in U.S. capital markets from the COVID-19 pandemic that earlier this year forced them to postpone their debuts.Source: Reuters
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