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    700   KYG875721634

TENCENT HOLDINGS LIMITED

(700)
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Analytics firm Amplitude confidentially files for direct listing

07/14/2021 | 04:21pm EDT

July 14 (Reuters) - Benchmark Capital-backed Amplitude said on Wednesday it had confidentially filed paperwork for a direct listing in the United States, a month after a funding round valued the start-up at $4 billion.

Founded in 2012, Amplitude helps companies optimize their products by analyzing which features translate to better business outcomes.

Companies have bolstered their digital presence and online product offerings due to the impact of the pandemic, leading to increased demand for companies such as Amplitude.

Amplitude, which has quadrupled its valuation since May last year, said in June that revenue for fiscal 2020 jumped 50%.

The San Francisco-based firm's customers include Comcast-owned media company NBCUniversal, payments processor PayPal Holdings Ltd, fitness products maker Peloton Interactive Inc and grocery delivery firm Instacart.

Amplitude raised $9 million in a Series A funding led by Benchmark in 2015 and has since taken on investors including Sequoia Capital, Singapore's GIC and Tencent Holdings Ltd .

The start-up's co-founder and Chief Executive Officer Spenser Skates has long been a proponent of direct listings, where companies are allowed to list on the stock market without selling shares.

Cryptocurrency exchange Coinbase Global Inc and gaming platform Roblox Corp went public earlier this year through that route, which advocates argue is a better way to price shares than a traditional initial public offering. (Reporting by Niket Nishant in Bengaluru; Editing by Ramakrishnan M. and Shounak Dasgupta)


ę Reuters 2021
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TENCENT HOLDINGS LIMITED -0.92% 450 End-of-day quote.-20.21%
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Analyst Recommendations on TENCENT HOLDINGS LIMITED
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Financials
Sales 2021 579 B 89 503 M 89 503 M
Net income 2021 150 B 23 192 M 23 192 M
Net cash 2021 136 B 21 052 M 21 052 M
P/E ratio 2021 29,2x
Yield 2021 0,35%
Capitalization 4 287 B 550 B 663 B
EV / Sales 2021 7,17x
EV / Sales 2022 5,86x
Nbr of Employees 94 182
Free-Float 62,4%
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Mean consensus BUY
Number of Analysts 52
Last Close Price 450,00 CNY
Average target price 541,90 CNY
Spread / Average Target 20,4%
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Managers and Directors
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Yu Xin Ren COO & President-Interactive Entertainment Group
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