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Software firm Amplitude begins trading on Tuesday, shares jumps 51% to $52.91

Moomoo News ·  Sep 28, 2021 12:31  · IPO

$Amplitude(AMPL.US)$ is trading on the Nasdaq under the symbol AMPL. The stock spikes 51% on its first day of trading.

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Founded in 2012, Amplitude provides data analytic software that helps companies gain insight into customer behavior. It has more than 1,200 customers including $Walmart(WMT.US)$, NBC, Burger King, $Ford Motor(F.US)$, $Twitter(TWTR.US)$$DEBANGDEXIN(167701.SZ)$ and $PayPal (PYPL.US)$.

Amplitude is not profitable. The startup reported $16.5 million in losses for the six months ended June 30 compared to $16.6 million in losses for the same time period in 2020. Revenue rose 57% to about $72.4 million.

Source: WSJ

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