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Amplitude's Nasdaq reference price is set at $35 ahead of direct listing

September 28, 2021
AMPL

Amplitude's Nasdaq reference price has been set at $35 ahead of its direct listing on Tuesday.

At that price, Amplitude would command a fully diluted market value of $4.6 billion.

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The company plans to list on the Nasdaq today under the symbol AMPL

The Nasdaq reference price does not reflect an offering price, or the opening price for Amplitude's shares. Instead, the opening public price will be determined based on buy and sell orders in the opening auction on Nasdaq.

There are no underwriters on the deal; instead, the company's financial advisors included Morgan Stanley, BofA Securities, Citi, KeyBanc Capital Markets, Baird, UBS Investment Bank, and William Blair.