Data Analytics Firm Palantir Set to Debut on NYSE -- Barrons.com

数据分析公司Palantir将在纽约证交所上市--Barrons.com

2020/09/29 20:09  Dow Jones Newswires

DJ Data Analytics Firm Palantir Set to Debut on NYSE -- Barrons.com


By Anita Hamilton

The latest in a wave of stock market debuts for tech firms, Palantir will start trading via a direct listing Tuesday under the symbol PLTR. The listing is drawing lots of interest because of pent-up demand among investors to get into the hot data mining space.

Co-founded by billionaire investor Peter Thiel, the Palo Alto, Calif., company is expected to be valued at around $22 billion once its shares start trading at about $10 each.

The company is projecting 2020 revenue to grow around 42% and 2021 revenue to grow more than 30%. It had a net loss of nearly $600 million in 2019.

A direct listing is typically quicker than an initial public offering since it involves listing existing shares, instead of raising money by creating new ones. The company is limiting the number of shares that can be sold to just 20% of the total for the first 180 days.

Only two other venture-backed tech firms -- Slack (ticker: WORK) and Spotify (SPOT) -- have had direct listings in recent years. Slack is down about 30% from its 2019 debut price, while Spotify has risen nearly 40% since its 2018 listing.

As Barron's Eric J. Savitz notes , the expected valuation for Palantir is close to 16 times its implied revenue guidance for next year. That makes it much cheaper than other recent tech listings, like Snowflake (SNOW), but more expensive than "well-established companies like Microsoft at 10 times or Accenture at about 3 times," he adds.

Write to editors@barrons.com

(END) Dow Jones Newswires

September 29, 2020 08:09 ET (12:09 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

DJ数据分析公司Palantir将在纽约证交所上市--Barrons.com


作者:安妮塔·汉密尔顿

Palantir是科技公司一波首次公开募股浪潮中的最新一例,将于周二开始直接上市,代码为PLTR。由于投资者被压抑的进入热门数据挖掘领域的需求,此次上市吸引了人们的极大兴趣。

这家位于加利福尼亚州帕洛阿尔托的公司由亿万富翁投资者彼得·蒂尔(Peter Thiel)联合创立,一旦其股票开始以每股10美元左右的价格交易,预计估值将达到220亿美元左右。

该公司预计2020年收入将增长42%左右,2021年收入将增长30%以上。它在2019年净亏损近6亿美元。

直接上市通常比首次公开募股(IPO)更快,因为它涉及上市现有股票,而不是通过创造新股票来筹集资金。该公司将头180天可以出售的股票数量限制在总数的20%。

近年来,只有另外两家风投支持的科技公司--Slake(股票代码:Work)和Spotify(Spot)--直接上市。Sack较2019年首发价下跌了约30%,而Spotify自2018年上市以来上涨了近40%。

正如Barron的埃里克·J·萨维茨(Eric J.Savitz)指出的那样,Palantir的预期估值接近其明年隐含收入指引的16倍。他补充说,这使得它比雪花(Snowflake)等最近上市的其他科技公司便宜得多,但比“微软(Microsoft)10倍或埃森哲(Accenture)3倍左右的知名公司”要贵得多。

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(完)道琼斯通讯社

2020年9月29日东部时间08:09(格林尼治标准时间12:09)

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