> The secondary market for shares is extremely active and employees can sell a limited number. So almost anyone has probably cashed out as much as desired at this point.
That's an interesting point. Can you go into more about how that might work? I had assumed they were just internally selling shares to other employees, but could it be they're selling shares to external buyers? I'm not clear on how that works.
Employees typically would not buy other employees' (or investors') shares.
Basically buyers and sellers need to find each other, agree on terms, send it to the company for right of refusal and then transact (and pay a large legal fee).
Different companies have different degrees of willingness to entertain the secondary market. With a stated desire to remain private for an extended period, Palantir may be more amenable than most to secondary.
