Lots of happy people as Palantir and Asana spike on first day of trading

The markets are closed and the verdicts are in: investors liked what they saw in Palantir and Asana . The two companies, which debuted this morning in dual (and duel) direct listings, continued to prove that enterprise tech companies without the brand recognition of Spotify (which conducted its own direct listing back in 2018) can […]

In its 5th filing with the SEC, Palantir finally admits it is not a democracy

Palantir is not a democracy, and it really, really, really wants you to know that. Palantir’s governance has been under an exacting lens from regulators the past few weeks as it prepares for a public direct listing on September 29th. In revision after revision of its S-1 filing to the SEC — now totaling eight […]

In its 4th revision to the SEC, Palantir tries to explain what the hell is going on

For a company vaunted for its clandestine government work and strong engineering culture, you can’t help but wonder if the government’s bureaucratic norms and paperwork pushing are starting to flood into the Shire. When most companies go public, they file a Form S-1 with the SEC, wait a few weeks through the investor road show, […]