Morgan Stanley and BofA Securities acted as the underwriters for the IPO … Hurun Research Institute on Oct. 20 released the Hurun China Rich List 2020, revealing the ranking of the richest Chinese individuals this year.
The company sold 17.5 … Under the stock code API, Agora is an API-powered real-time engagement platform that allows customers to embed voice and video in their applications. It raised an above-range $350 million on its Nasdaq IPO …
All Rights Reserved. Connect with friends faster than ever with the new Facebook app. Agora Inc.'s (api) initial public offering priced late Thursday above the expected range, as the Shanghai-based video interaction software company raised $350 million.
Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Show full articles without "Continue Reading" button for {0} hours. Agora raises $350 million as IPO prices above expected range. The stock is slated to begin trading Friday on the Nasdaq, under the ticker symbol "API." Morgan Stanley and BofA Securities are the lead bookrunning managers. Our mission is to deliver premium content and contextual insights on China’s technology scene to the worldwide tech community. SEE ALSO: Silicon Valley-based Real-Time Engagement Platform Agora.io Targets US IPO“Our service is quite relevant in this work-from-home climate, and the feedback to our public debut today is good,” Agora Chief Executive Tony Zhao said. It raised an above-range $350 million on its Nasdaq IPO debut on Thursday, which is about 10 times its revenue of the first quarter in 2020. Ant Group on Oct. 21 received approval from the China Securities Regulatory Commission (CSRC) for its Shanghai IPO. Silicon Valley-based Real-Time Engagement Platform Agora.io Targets US IPO, First Day of Double 11 Shopping Festival Sets New Records, Livestreams Drive Sales Spike, China’s E-commerce Platform Pinduoduo Collaborates With National Research Center in Smart Agriculture, Ant Group Receives Final Regulatory Approval for Gigantic IPO, Updates Prospectus, Plant Protein Beverage Brand Oatoat Completes Pre-A Round Financing, Hurun China Rich List 2020 Released, Jack Ma Ranks #1 for Third Year. “But our focus is always on building a good company.”Agora priced its 17.5 million American Depositary Receipts at $20 per share in the debut, ahead of its expectations of $16 to $18 IPO price range.Agora reported a net loss of $36.9 million during the first quarter, compared with a loss of $13.1 million on revenue of $13.4 million last year. The company sold 17.5 million American Depositary Receipts at $20 per ADS, compared with expectations that the IPO would price between $16 and $18. Pandaily is a tech media based in Beijing. The company issued 17,500,000 shares at $16.00-$18.00 per share. The company recorded a net loss of $36.9 million on total revenue of $35.6 million during the three months ended March 31, after a loss of $13.1 million on revenue of $13.4 million in the same period a year ago. The company's IPO priced above expectations on the same night that Albertsons Cos. (aci) priced at $16 share, below the expected range of $18 to $20. (API) raised $298 million in an initial public offering (IPO) on Friday, June 26th 2020. Agora Inc.'s initial public offering priced late Thursday above the expected range, as the Shanghai-based video interaction software company raised $350 million. Agora's financials make its IPO pricing a neat puzzle, so let's pull apart the good and the bad to better understand why the market was willing to pay than the company anticipated. The pricings come at a good time for IPOs, as the Renaissance IPO ETF (ipo) has rallied 52.0% over the past three months, while the S&P 500 (spx) has gained 17.3%. Vegetable protein beverage brand oatoat has completed a Pre-A round of financing worth tens of millions of yuan, exclusively invested by IMO Ventures, according to 36Kr. Like us on Facebook to see similar stories, University of Utah settles with family of murdered student Lauren McCluskey and renames its violence prevention center in her honor, Workers who lost jobs because of COVID-19 find new careers in these fields. Alibaba’s double 11 shopping festival kicked off on Oct. 21, and is off to a strong start. © 2017 - 2020 Pandaily. China’s e-commerce platform Pinduoduo signed a strategic cooperation agreement in smart agriculture with a national research institute on Sunday. Shares of Agora Inc., a China and US-based real-time engagement API company, are up 145% Friday to $49.19 after it went public, according to MarketWatch.Under the stock code API, Agora is an API-powered real-time engagement platform that allows customers to embed voice and video in their applications.