Analytics firm Amplitude revealed a 57% surge in revenue for the first half of the year as it filed paperwork with U.S. regulators for a direct listing on the Nasdaq, Reuters reports.
The Benchmark Capital-backed company enables customers to optimize their products by analyzing features that translate to better business outcomes and has benefited from strong demand during the pandemic.
Amplitude, which plans to list under the ticker symbol “AMPL”, had confidentially filed for a direct listing in July.
Founded in 2012, the startup has quadrupled its valuation since May last year and was valued at $4 billion in a funding round in June. Read more.