Late Stage Mature Pre IPO Unicorns -

First Product Analytics Platform To Go Public Is Amplitude Via A Direct Listing

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[…]

The Big Winners In Mobile Money Transfer Service Remitly’s IPO

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[…]

Confluent IPO: Here Are The Biggest Winners

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[…]