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The Winners From Palantir’s Public Debut

Palantir is finally a public company–and a multibillion-dollar one, at that.

The company went public through a direct listing on Wednesday with its shares opening at $10, nearly 38 percent above its reference price of $7.25. Its stock closed at $9.50 on its first day of trading.

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Palantir, which was founded in 2003, has long drawn attention for its high-profile backers and secretive operations, and scrutiny for its work with government agencies such as U.S. Immigration and Customs Enforcement. The company, which was founded by Peter Thiel, has raised at least $2.6 billion in funding, according to Crunchbase, from investors including Founders Fund and Manhattan Venture Partners. Both early and later investors are now seeing their stock values rise with the company’s public debut.

Founders Fund

Founders Fund’s ties to Palantir goes beyond its leading the company’s $90 million Series D in June 2010. The firm’s co-founder, Peter Thiel, is also a co-founder of Palantir. Founders Fund holds 139,891,336 Class B shares, or 12.7 percent. At the $10 opening price on Wednesday, Founders Fund’s stake comes out to nearly $1.4 billion.

SOMPO Holdings

SOMPO Holdings is a pretty new investor in the company. Just a few months ago, the firm invested in Palantir, leading its $550 million corporate round in June. That gave it 107,526,881 Class A shares, or 20.3 percent. At Wednesday’s opening price, SOMPO Holdings’ stake in Palantir is more than $1 billion.

Disruptive Technology Solutions

Disruptive Technology Solutions owns 50,290,069 Class A shares, or 9.5 percent, and 4,737,594 Class B shares. Combined and at $10 per share, Disruptive Technology Solutions’ stake comes out to more than $550.2 million.

UBS AG

UBS AG holds 29,956,276 Class A shares, according to Palantir’s S-1. At $10 per share, that puts the firm’s stake in Palantir at nearly $300 million.

8VC

Palantir co-founder Joe Lonsdale is also a founding partner of 8VC1. Entities affiliated with 8VC have 28,233,725 Class A shares and 8,097,255 Class B shares. Combined and at the opening price of $10, entities affiliated with 8VC’s stake in Palantir is more than $363.3 million.

Illustration: Li-Anne Dias

 


  1. 8VC is an investor in Crunchbase. They have no say in our editorial process. For more, head here.

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