Palantir Technologies' stock rose more than 30% after the enigmatic, big data analytics company officially went public with a direct listing on the New York Stock Exchange Wednesday.
The stock under the ticker symbol PLTR ended the day at $9.50 per share or $2.25 above its $7.25 reference price.
Palantir's Unconventional Voting Structure<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDQ1MTQyOC9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTYzNjQxODYzMX0.Hyi0HYB_4Uq1Knn1ZPZ7YRlUvy-jXxtNtEPirbw8WCI/img.png?width=980" id="29110" class="rm-shortcode" data-rm-shortcode-id="50a1e07f92e7f750629d4e2456763bb1" data-rm-shortcode-name="rebelmouse-image" />'Transparency is a Great Thing': Secretive Big Data Firm Palantir Goes Public<p>The company's voting and governance structure has given many industry analysts pause. Michael Weisbach, the Ralph W. Kurtz finance chair at Ohio State University's Fisher College of Business, said it creates an extra class of stock that gives founders effective control of the company no matter how much stock they actually own.</p>
Ranker has made a profitable business of crowdsourcing lists and rankings on everything from action movies to ice cream flavors. Now, it wants to sell that data.
The Los Angeles-based media company announced this week it has surpassed 1 billion user votes for its lists and with that data will launch Ranker Insights, a new service targeting the marketers, studios and entertainment platforms vying for consumers' attention in a crowded online space.