Home Finance Amplitude’s stock price soars more than 50% following Nasdaq direct listing (update) – Seeking Alpha

Amplitude’s stock price soars more than 50% following Nasdaq direct listing (update) – Seeking Alpha

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Amplitude’s stock price soars more than 50% following Nasdaq direct listing (update) – Seeking Alpha
Charging Bull sculpture in New York City
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“The way that companies build digital products is going through a fundamental change from being intuition-based to data-driven. Product teams have historically decided what to build based on qualitative gut feel,” AMPL wrote in a securities filing. “[But] today, the best teams are those that build their strategy around product data, which connects the attributes of individual end users with their actual behavior.”
The company’s pre-IPO investors included A-list venture firms Battery Ventures, Benchmark Capital, Institutional Venture Partners, Sequoia Capital and Singaporean government-backed Jasmine Ventures.
Pre-IPO investors and insiders own a combination of Class A and Class B shares. Class B stock carries five votes per share vs. one vote a share for Class A equity. That means Class B investors will hold some 99.5% of the company’s voting power.
Seeking Alpha’s Donovan Jones recently did a deep dive into AMPL, writing that the stock “has grown top-line revenue quickly, but still produces operating losses.”

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