Palantir (PLTR) co-founder Peter Thiel pledged more than $1B worth of the company’s shares as collateral for personal debt agreements, Biz Carson of Bloomberg reports, citing a recent filing. Thiel’s pledge of 10.6M shares represents more than a tenth of his stake in Palantir and is valued at about $1.2B, Bloomberg says.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLTR: