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home / news releases / NHLD - National Holdings rises 11% as Airbnb Palantir liquidity events approach


NHLD - National Holdings rises 11% as Airbnb Palantir liquidity events approach

National Holdings (NHLD) climbs 11% in premarket trading as it expects liquidity events for two of its holdings in its Private Shares business — Palantir and Airbnb — next year.The company expects the liquidity event for Palantir  in February or March 2021 and for Airbnb likely in June."Based on current market prices, the revenue and profit impact from our carried interest portion of the funds would be significant in our second and third fiscal quarters of 2021 if current market prices of these securities hold," said CEO Michael Mullen.Fiscal Q4 revenue of $62.4M increased 9% Y/Y.Net loss attributable to common shareholders for the quarter ended Sept. 30, 2020 was $1.9M vs. net income of $0.8M in the year-ago quarter, reflecting the effect of the  pandemic.Its highest margin businesses, investment banking and private shares, were down significantly from last year, but saw a rebound in its fiscal Q4, Mullen said.Client assets under management were

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National Holdings rises 11% as Airbnb, Palantir liquidity events approach
Stock Information

Company Name: National Holdings Corporation
Stock Symbol: NHLD
Market: NASDAQ
Website: yournational.com

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