Palantir jumps 14% in trading debut after opening at $17 billion valuation

Palantir CEO Alex Karp.
Photo by Julien Mattia/NurPhoto via Getty ImagesThe data-mining firm Palantir climbed as much as 14% on Wednesday in its first day of trading on the New York Stock Exchange.Palantir opened at $10 per share, 38% above its reference price of $7.25. The subsequent climb marked a 14% increase from the opening price.The company began trading under the ticker PLTR after debuting with a direct listing over a traditional IPO.Direct listings allow shareholders to sell their stock