Direct listings continued to trickle through in the second half of 2021.
US digital analytics company Amplitude, whose customers include Instacart, Shopify and Under Armour, achieved a $7 billion valuation on Nasdaq at the end of September. Online designer spectacles company Warby Parker quickly followed, achieving a $6 billion valuation on the New York Stock Exchange (NYSE).
It is no longer purely a US phenomenon. Wise, the remittance fintech formerly known as TransferWise, was valued at £9 billion in the first large direct listing on the London Stock Exchange in July.
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