Product Analytics Firm Amplitude S Stock Jumps On Debut I Hope The Traditional Ipo Goes Away Says Ceo
The shares were listed as a direct listing, without the traditional IPO underwriting by a banking syndicate. As such, there was no formal offer price. A “reference price” of $35 had been established in advance of trading, and the first trade of $50 immediately blew past that. Shares went on to rise another 7% in afternoon trading, to $53.66. “I hope the traditional IPO goes away,” co-founder and CEO Spenser Skates told ZDNet, speaking from the Nasdaq Market Site in Manhattan following the start of trading....