Palantir is blaming Morgan Stanley for a 'blemished' direct listing, after technical problems delayed some sales
This story is available exclusively to Business Insider subscribers.In two emails sent internally this weekend, Palantir Technologies blamed Morgan Stanley for a "failure" which left some employee and alumni shareholders unable to sell their shares when the company made its public debut last Wednesday.
A spokesperson for Shareworks at Morgan Stanley said the issue was a "slowness" which "may have resulted in delayed logins into our system."Palantir placed blame squarely on Morgan Stanley following a glitch in the bank's trading software Shareworks on Wednesday, according two unsigned emails sent to "Palantirians" on Saturday and Sunday, which were obtained by Business Insider.shares during the tech company's direct listing.
Morgan Stanley "intends to 'make people whole' who were affected by the Shareworks failure," Palantir wrote in the email from Saturday. "We have and will continue to put the weight of the company behind protecting our hobbits and helping make sure Morgan Stanley is good to its word," that email reads, referring to employees with a reference to Lord of the Rings.
"The issues that we encountered with Shareworks are very frustrating. And while it was a successful listing it was blemished by Shareworks' failure," that email continues.A spokesperson for Shareworks by Morgan Stanley told Business Insider that it had "experienced slowness that may have resulted in delayed logins into our system."
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