Palantir is expected to be valued at nearly $ 22 billion in its commercial debut

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Palantir Technologies Inc. is expected to earn a high valuation in its transition to a public company despite an unusually aggressive governance structure, in the latest sign of investors’ voracious appetite for new stocks.

The data mining software specialist eschews the traditional route of IPO and goes public through direct listing, in which a company floats its existing shares on a public stock exchange and lets the market determine the price. Ahead of the September 30 debut, Palantir bankers told investors …

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