Tech #s continue to be the big players on #WallStreet. Last week, shares of Palantir and Asana went public-with sales of existing shares, not new issuance-following in the footsteps of Snowflake, whose IPO on Sept. 17 brought its market cap to $70 billion, 140 times its current annualized revenue.

The #market 's appetite was clear from the valuations versus expected revenues. In the case of Palantir, the stock debuted at US$10, 16 times the estimated revenue per share for the company in 2021, while in the case of Asana the exit valuation of its stock represents 20 times the expected revenue for this year. These valuations are above those of established technology companies, such as Microsoft or Salesforce, but below those achieved by Snowflake (100 times this year's expected sales) or Zoom (60 times). Palantir focuses on big-data analytics, while Snowflake's core business is cloud data management and Asana's is project management.
None of the companies report earnings yet.

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