Data analytics startup Amplitude Inc., the first of two companies going public this week through once-novel direct listings, began trading on Nasdaq at $50 a share and rose 9.6% from the opening price.
The shares closed at $54.80 Tuesday in New York trading, giving the company a market value of almost $5.8 billion. Accounting for employee stock options and similar holdings, the company is valued on a fully diluted basis at about $7 billion.
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September 28, 2021 at 11:27PM
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Analytics Firm Amplitude (AMPL) Rises in Direct Listing Trading Debut - Bloomberg
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