By Gené Teare, Product intelligence platform Amplitude went public today via a direct listing. Nasdaq had set the reference price at $35, which valued the company around $4.5 billion. However, the opening trade came in at $50, valuing the company well above that amount at $6.4 billion, and above the company’s last private valuation of $4.2 billion. We spoke[…]
By Gené Teare, Shares of money transfer company Remitly closed up more than 12 percent in their first day of trading on the Nasdaq on Thursday. The Seattle-based company had priced shares above the expected range at $43, valuing the company at $6.9 billion. Remitly said it sold 7 million shares to raise around $300 million through its[…]
By Sophia Kunthara, Shares of data streaming platform Confluent closed at $45.02 on Thursday, or 25 percent above their IPO price on their first day of trading. The Mountain View-based company raised around $828 million through its IPO. Confluent priced its shares at $36 apiece, above its intended range of $29 to $33. The company saw its[…]