Palantir Registers Shares in Direct Listing, Trades on Sept. 23

(Bloomberg) -- Palantir Technologies Inc., the data-mining company backed by Peter Thiel, has registered as many as 244.2 million shares as part of its direct listing.

The company said in a filing Wednesday with the U.S. Securities and Exchange Commission that its shares will begin trading on or about Sept. 23.

Palantir is the third major company to go public via a direct listing after Spotify Technology SA and Slack Technologies Inc. Workplace management software maker Asana Inc. has also filed for a direct listing this year.

Palantir is hosting its investor day Wednesday at 10 a.m. New York time, its website shows.

Palantir has $1.2 billion in remaining contracts awarded from U.S. government agencies and allied countries as of June 30, a 74% increase from the end of 2018, according to the filing.

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