Amplitude CEO advocates direct listing to avoid 'huge' mispricing

Singapore

SPENSER Skates, chief executive of Amplitude, is a big believer in direct listings. And he is even encouraging more chief executive officers (CEOs) to consider this route over a traditional initial public offering.

On Tuesday, the GIC-backed data analytics company made its debut on the Nasdaq via a direct listing, joining a slew of other hot tech names to have done the same, such as Coinbase, Roblox and Palantir Technologies.