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Palantir is nearly 20 years old, yet it only went public about three years ago. Since its debut on the NewYorkStockExchange in late 2020, Palantir stock has been no stranger to the highs and lows of publiccompany scrutiny.
David Gardner: The market cap as of Tuesday afternoon trading on the NewYorkStockExchange, Tuesday, June 20th is 59.43. David Gardner: Well played sir not a bad guess but the market cap for Seattle Genetics now Seagen which now by the way isn't moving much this days since it has this prospect of a buyout coming $37.04
This accelerated revenue growth, combined with strong margin performance, means we have achieved the rule of 50 for the first time as a publiccompany. Our AI capabilities will also be on full display at our fourth annual Zeta live event, taking place on September 26th in NewYork City. Our adjusted EBITDA margin of 16.9%
Both will be listed on the NewYorkStockExchange with the GE Vernova as GEV and GE Aerospace carrying forward under GE. At GE Vernova, we added seasoned publiccompany CFO, Ken Parks. Today, we announced plans to spin off GE Vernova and launch GE Aerospace in the beginning of the second quarter of 2024.
From a macro perspective, I suspect that uncertainty over tariffs, as well as ongoing spending for AI infrastructure have left some investors tepid over the near-term prospects of their once-favorite stocks. In addition, some of them may simply be fatigued by the Magnificent Seven and are looking for new growth opportunities.
For its first few years as a publiccompany, Palantir Technologies (NASDAQ: PLTR) struggled mightily to capture meaningful market share in the enterprise software space. Most likely, that move was rooted in how the company was being perceived by investors. Image source: Getty Images.
After this review, our board of directors, a committee of independent directors and our executive management team unanimously concluded that executing on our full transformation plan as a publiccompany offers the best path to maximize value for the company and its shareholders. Thanos Moschopoulos -- Analyst Great.
It's like a company I think about PubMatic , an advertising company, in a very competitive space, but they have a founder-led business, they own a lot of their own IP, it's profitable, and that stock at various points just has not worked out for us long term. But more to the point, Andy Cross, NASDAQ is a publiccompany.
Even amid tariff uncertainty clouding the near-term picture, several private companies are now on track to go public. One interesting prospective IPO is StubHub, which filed an S-1 registration form recently and plans to sell shares soon on the NewYorkStockExchange under the stock ticker symbol STUB.
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