Why Shares of Palantir Technologies Are Rocketing Higher Today

Why Shares of Palantir Technologies Are Rocketing Higher Today

Palantir Technologies (NYSE: PLTR), a controversial data analytics company, made its public debut on Wednesday, and its shares showed an impressive 48% gain as of 2:30 p.m. EST. Palantir began trading not through a traditional initial public offering (IPO) but rather via a direct listing. Absent an IPO price, the Exchange on Tuesday night set a reference price for the shares of $7.25 apiece.