Instacart may opt for a direct listing rather than a traditional IPO: report [MarketWatch]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: MarketWatch
Grocery-delivery company Instacart is considering a direct listing, according to a Reuters report, meaning that the company could come public while bypassing a traditional initial public offering underwritten by investment banks. The company sees risk that a traditional IPO could be underpriced, the Reuters report said. A direct listing would enable the company to go public without raising money and mirror a path taken by Spotify Technology SA , Palantir Technologies Inc. , and some other tech companies that had name recognition prior to making their public debuts. Instacart announced Tuesday that it raised $265 million in new funding, valuing the company at $39 billion. A spokeswoman declined to comment on the company's IPO plans. The Renaissance IPO ETF is up 93% over the past 12 months, as the S&P 500 has gained 25%.
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PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 5/9/24 - Form 144
- 5/8/24 - Form 144
- 5/7/24 - Form 10-Q
- PLTR's page on the SEC website