Tag Archive : Fortunes

/ Fortunes

After nearly two decades as one of Silicon Valley’s most closely guarded companies, data mining company Palantir Technologies finally went public on Wednesday in an unusual direct listing process.  After an expected delayed first trade, Palantir opened at 1:40 pm Eastern trading at $10 a share, up from the $7.25 reference price the company set on Tuesday night. It hit $11 at 1:50PM Eastern.

In a direct listing, the company does not raise funds for itself. Instead, existing shareholders get a chance to sell.  

Controversial investor Peter Thiel, who cofounded Palantir in 2003 and bankrolled the company in its early years, will be the biggest winner today as company chairman and its largest individual shareholder. 

Thiel and three investment firms he founded, Founders Fund, Clarium Capital and Mithril Capital, owned a total of 17.7% of the company before the

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It takes hard work, determination, and talent to achieve startup success, but getting an early break from a major business leader like Lord Alan Sugar can be a real game changer, as entrepreneur Ross Testa, founder of video and social media agency 3 Heads Agency discovered.

At school, Testa had no idea where his future career lay. While his friends pursued predictable routes into law, medicine, and journalism, he admits that his plans were non-existent. Everything changed when, aged 18, he decided to organize a charity week at school to raise money for the Teenage Cancer Trust after one of his closest friends, Ellis Haggith, was diagnosed with leukemia.

He says: “I was determined to make it a success, and it was: the campaign raised just under £5,000 in one week. We had support from a lot of businesses and celebrities, and the experience made

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