Amplitude Inc. has announced its intention to offer its shares to the public, according to a filing on Monday with the Securities and Exchange Commission.
The San Francisco-based company, which makes digital optimization software, said it plans to raise up to $ 30 million, but companies will often revise that initial figure in subsequent filings.
The company plans to list its shares under the symbol “AMPL” on the Nasdaq. Amplitude said shares in private trades ranged between $ 8.12 and $ 20 each in private trades in 2020.
Amplitude reported revenue of $ 102.5 million and loss of $ 24.6 million in 2020, compared with revenue of $ 68.4 million and loss of $ 33.5 million. dollars in 2019. For the first half of 2021, the company reported revenue of $ 72.4 million and loss of $ 16.5 million. , against sales of $ 46 million and a loss of $ 16.6 million for the first half of 2020. Amplitude said it currently serves more than 1,200 paying customers in a market it estimates about $ 37 billion.
The offer relates to Class A shares, which receive one vote, compared to Class B shares, which receive five votes. Benchmark Capital Partners owns 15.3% of Class B shares, while Battery Ventures owns 14%, Institutional Venture Partners 8.8% and Sequoia Capital 7.8%.
