Some current and former employees complained early in the trading session of being unable to access the system to sell their stock. It traded as high as $11.42 on Wednesday before dropping below its opening price. The NYSE gave a reference price on Tuesday of $7.25 a share, though no stock changed hands at that level. The stock at that time was valued at $11.38 and traded this year for between $4.17 and $11.50. Shares of Palantir, founded in 2003, have been widely traded on the private market for years, though the company has struggled to maintain the $20.4 billion valuation from a 2015 financing round. The fully diluted share count is 2.17 billion, so Palantir's stock market value will rise significantly as options, RSUs and unvested units convert to common stock. The initial price gives Palantir a market cap of $16.5 billion, based on 1.65 billion shares outstanding, which excludes various restricted stock units (RSUs), options and unvested stock. ![]() Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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