Palantir lowers strike price for employees to buy equity in company, as discounted shares flood the secondary markets

Palantir has lowered the strike price for employees to buy their equity options after five years of declining value on the secondary markets, according to two people familiar with the company. The new strike price is just $4.72 per share, one of the people said, which is down from an already lowered strike price of $6.03 set in late 2018. It’s unclear how that values the company. Palantir was last valued at $20 billion in a 2015 funding round, but it has struggled to keep that valuation in secondary sales, where the markets are flooded with shares from