How to buy Palantir Technologies (PLTR) shares in Australia

Learn how to easily invest in Palantir Technologies shares.

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Palantir is a US software firm that specialises in big data analytics. It aggregates and analyses data from public sector clients like the United States Department of Defense as well as private sector clients like Ferrari.

The company was founded in 2003 and its headquarters are based in Denver, Colorado. Palantir went public on the New York Stock Exchange in 2020 and is currently valued at US $15 billion.

How to buy shares in Palantir

To buy shares in Palantir you'll need to have a brokerage account that offers US stocks. Compare your options in the table below to find the best fit for you.

  • Compare share trading platforms. To buy shares in a US company, you'll need to sign up to a platform with US market access. If you're a beginner, look for a platform with low commissions and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  • Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  • Search for Palantir. Find the stock by name or ticker symbol: PLTR. Research its history to confirm it's a solid investment against your financial goals.
  • Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Palantir stock reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  • Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Palantir, depending on your broker.
  • Check in on your investment. Congratulations, you own a part of Palantir. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

About the Palantir IPO

Palantir filed an S-1 registration form with the U.S. Securities and Exchange Commission (SEC) to publicly list its shares on the NYSE. It listed on September 30 under the ticker symbol PLTR.

But Palantir didn't offer a traditional IPO. Instead, the stock will be offered as a direct listing, which means it was sold by current Palantir investors rather than created as fresh stock. And multiple reports suggested that Palantir planned to lock up to 80% of its shares.

While we can't speak on behalf of Palantir, companies typically make use of lock-up periods to keep company insiders from flooding the market with shares and destabilising the stock price. No word on how long Palantir's potential lock-up period may last.

What we know about Palantir

Palantir is a software firm that specialises in big data analysis. It was founded in 2003 and is headquartered in Denver, Colorado. It collects and analyses data for private enterprises and government agencies, including the United States Intelligence Community (USIC) and the Department of Defense. Its involvement in national security and government surveillance, coupled with its towering valuation despite never reporting a profit, has earned it quite the reputation.

Palantir is not an accredited business with the Better Business Bureau (BBB) but receives an A rating based on the BBB's criteria that factors in length of time in business, among other considerations.

Like all investments, purchasing stock in Palantir is far from risk-free. The company's financial reporting is ambiguous, and the potential lock-up period could tie up investor funds for months on end. Investors will need to perform their own due diligence and examine Palantir's financial history in greater detail.

Results of similar public offerings

Here's how some similar software firms performed after going public:

Datadog (DDOG) is a SaaS-based data analytics platform that offers data monitoring services for cloud-based applications. It launched on the NASDAQ in September 2019 at $36.15. Datadog saw moderate growth in the six months following its release but began to dramatically climb in April 2020. Peaked at $96.41 in July 2020 and now trades at $83.77.

Splunk (SPLK) is a software firm that monitors machine-generated big data from its headquarters in San Francisco. It went public on the NASDAQ in April 2012 trading at $36.20. Outside a brief spike to $92.75 in 2014, the stock didn’t begin to truly gain traction until early 2018. It saw an all-time high of $211.32 in July 2020 and now trades at $203.62.

Verint (VRNT) specializes in security, surveillance and business intelligence software. It went public on the NASDAQ in 2002 trading at $12.30. With several notable ups and downs over the years, the stock peaked at $64.71 in May 2015. It now trades at $45.80.

Compare online trading platforms that offer US stocks

Name Product Standard brokerage for US shares Currency conversion fee Markets
eToro (global stocks)
US$0
50 pips (US$0.50 for every AU$100 exchanged)
Global shares, US shares, ETFs
Zero brokerage share trading on US, Hong Kong and European stocks with trades as low as $50.
Note: This broker offers CFDs which are volatile investment products and most clients lose money trading CFDs with this provider.
Join the world’s biggest social trading network when you trade stocks, commodities and currencies from the one account.
IG Share Trading
US$0
0.70%
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
US$0
50 pips (US$0.50 for every AU$100 exchanged)
ASX shares, US shares, ETFs
Earn up to 15,000 Qantas frequent flyer points when you transfer an exisiting balance or trade. Offer valid for all new and existing Superhero members until 28 February.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
Saxo Capital Markets (Classic account)
US$4
1%
ASX shares, Global shares, ETFs
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
SelfWealth (Basic account)
US$9.5
0.60%
ASX shares, US shares
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
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Compare up to 4 providers

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

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