Vested with an initial price at US$22.25.
This company came out of nowhere, went on a direct listing and caught everyone by surprise.
I remember the marketing was that this company helped the US government catch terrorist. At least that was what I remembered. I was a bit turned off by it. This made me lose out on looking at this company at the initial very low prices.
Nevertheless, after an extensive review on the company, I decided that this is a company that one must have for a long-term investor.
Part 1 – What the Company Does?
So the company is Palantir Technologies.
I believe a lot of people do not invest in Palantir because they do not understand their business and product. I agree it is hard to understand the products they sell. Thus, let me use some human language to explain the company to you.
I will leave the product to this extensive piece written by Sgstockmarketinvestor.