palantir didn’t raise new money. what they did was a secondary direct listing where existing shareholders just put their shares up for sale to create a public m

palantir didn’t raise new money. what they did was a secondary direct listing where existing shareholders just put their shares up for sale to create a public market for shares. a primary direct listing was not allowed before this ruling. this means that companies can now both list existing shares for sale plus raise new money by auctioning off newly created shares instead of going through a traditional IPO.